Expense Accounts

In financial accounting, expense is:

The consumption of the business' own resources (assets). Examples: consumption of supplies, cash, materials inventory and deterioration of equipment etc.

OR

The creation of a liability against the business when it consumes resources from outside. Examples: use of electricity expense, interest expense etc.

Expense Accounts List

Few examples of expense accounts are:

• Supplies Expense
• Utilities Expense
• Salaries Expense
• Depreciation Expense
• Insurance Expense
• Advertizing Expense
• Bad Bebts Expense
• Fuel Expense
• Rent Expense
• Interest Expense
• Licence Expense
• Telephone Expense
• Tax Expense
• Warranties Expense
• Micellaneous Expense