Expense Titles

• Cost of Sales - cost of goods purchased and sold, or materials manufactured and sold
• Taxes - duties incurred in the current period
• Utilities Expense - amount of light and water consumed by the business
• Repairs and Maintenance - expenses incurred for repairing the assets of the business
• Bad Debts - estimated amount of losses from uncollectible accounts of the business
• Depreciation Expense - allocated cost of fixed asset in the current period
• 413 Rent Expense
• 411 Advertising Expense

  • Expenses incurred to promote the product of the business
• 412 Salaries Expense/Salaries and Wages

  • Compensation given to sales agents
• 414 Supplies Expense

  • Amount of supplies used