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What's differences between costs and expenses and which expenses could called costs and which not ?

differences between costs and expenses

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Question ajoutée par Ahmed Hussein Mohamed Al-Matrawy , Management Accountant , Al-Azhr University Specific Hospital
Date de publication: 2017/12/25
amr abdul bassier
par amr abdul bassier , Senior relationship Manager , Arab african international bank

A cost might be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues

Maher Mikhail - CMA
par Maher Mikhail - CMA , Finance Manager , Aan Digital Holding co.

cost usually used to obtain the assets that used to generate the revenues but expenses charges through the operation of getting the revenue it self 

cost to be amortized over the assets life term 

while expenses to be direct  charged when it realized 

costs has a long effect and balances transferable from period to another

 

Expenses is limited to the period incurred 

هيثم ناجى
par هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

Every cost is called an expense but not every expense is called cost...

Direct material is cost it must be an expense

Building is an asset it can be called an expense but can not called a cost

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