What is an Expense? (Financial Accounting)

This video explains the concept of an Expense in Financial Accounting. Examples of common expenses are provided, and the distinction between expenses and losses is highlighted.

Edspira is your source for business and financial education. To view the entire video library for free, visit

To like us on Facebook, visit

Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit

To follow Michael on Facebook, visit


To follow Michael on Twitter, visit

—
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS & OTHER FREE GUIDES
*
—
MICHAEL’S STORY
*
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts:
* Spotify:
* Website:
—
CONNECT WITH EDSPIRA
* Website:
* Instagram:
* LinkedIn:
* Facebook:
* Reddit:
*TikTok:
—
CONNECT WITH MICHAEL
* LinkedIn:
* Twitter:
* Instagram:
* Snapchat:
*TikTok:
—
HIRE MCLAUGHLIN CPA
* Website:

Expense,Financial Accounting,Accounting,Income Statement,Profit,Net Income,