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Expense

Expenses is the money you pay out of your pocket to other parties.

This includes;

  • Bills;

  • Loans Repayments;

  • Purchases;

  • Fees; and

  • Money you loan to other parties.

 
This is money that lightens your wallet or purse.

 

You will always have expenses, but sometimes no income. Having less expenses than income increases a balance sheet.

Expense

Further Reading

Expense (wikipedia)