Professional Documents
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Expenses
Expenses
5. TELEPHONE CHARGES:
Telephone expense is the cost associated with all land lines, fax lines, and cell
phones during a usage period.
8. COMMISSION:
A commission is a fee that a business pays to a salesperson in exchange for his or her
services in either facilitating.
9. BAD DEBTS:
Bad debts expense is also referred to as uncollectible accounts expense or doubtful accounts
expense. Bad debts expense results because a company delivered goods or services on credit and the customer did
not pay the amount owed.
10. INSURANCE:
Insurance expense is the cost of insurance that has been incurred, has expired, or has
been used up during the current accounting period for the nonmanufacturing functions of a business.