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top   »  business   »  business costs   »  cost vs expense

Cost vs Expense

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Cost is a general term that can be applied to any business expenditure or loss. Expense is specific to situations such as travel or utility bills that relate to consumption of something.

Example

Office supplies such as paper are considered expenses as they are quickly consumed. Office equipment such as a computer is considered a cost as it endures as an investment for a period of time.
Overview: Cost vs Expense
Type
Business Cost
Cost Definition
An expenditure or loss.
Expense Definition
An expenditure that is consumed immediately such as a meal or electricity.
Related Concepts
Operational Costs
Next: Business Costs
More about business expenses:
Amortization
Business Costs
Business Supplies
Business Travel
Capex
Cost Of Goods Sold
Cost Vs Expense
Employee Benefits
Expenses
Fixed Expenses
Operating Expenses
Opex
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