2013年10月4日星期五

What is diffrence between cost and expence?

  • hard drive recovery cost
  • home insurance cost
  • prepaid debit cards direct deposit
Expense= the amount of cost expired.

Cost = the amount of expense not expired.

If you buy an AC unit @ Rs.42000 which has life for 6 years and sell it after one year @Rs.35000/-,

cost is Rs.42000/- and expense is Rs.7000/-.

What is diffrence between cost and expence?

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