Expenses

• SALARIES EXPENSE refers to compensation or remunerations in whatever form to employees.
• TAXES EXPENSE refers to taxes and licenses due to the government.
• UTILITIES EXPENSE refers to the cost of electricity and water used in the ordinary course of the business.
• ADVERTISING EXPENSE cost to promote certain services and products of the business.
• RENT EXPENSE cost of the use of office space in a given period
• DEPRECIATION EXPENSE allocated cost of fixed assets in a current period
• INTEREST EXPENSE interest that has been already considered in a period
• SUPPLIES EXPENSE to consider if supplies has been used up.