Expenses are _______

1.	Expenses are _______
Answer» Its refers to the money incuured and earned in a business<br>Expenses refer to those\xa0costs that are incurred to earn revenue for the business. It is incurred for maintaining profitability of the business. It indicates the amount spent to meet short-term needs of the business. It is shown in the debit side of the profit and loss account or trading account.

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