Expensed: meaning, definitions and examples
๐ฐ
expensed
[ ษชkหspษnst ]
financial context
The term 'expensed' refers to the act of recording an expenditure or a cost in accounting. When a company expensed a particular item, it indicates that the cost has been recognized and deducted from the company's profits. This is typically done to accurately reflect the company's financial status and report the performance in financial statements. It is important for maintaining accurate financial records and adhering to accounting standards.
Synonyms
Examples of usage
- The company expensed the cost of new equipment.
- Expenses must be expensed in the correct fiscal year.
- Travel incurred during business trips is usually expensed.
- All marketing costs will be expensed by the end of the month.
Translations
Translations of the word "expensed" in other languages:
๐ต๐น despesas
๐ฎ๐ณ เคเคฐเฅเค
๐ฉ๐ช Ausgaben
๐ฎ๐ฉ pengeluaran
๐บ๐ฆ ะฒะธััะฐัะธ
๐ต๐ฑ wydatki
๐ฏ๐ต ็ต่ฒป
๐ซ๐ท dรฉpenses
๐ช๐ธ gastos
๐น๐ท giderler
๐ฐ๐ท ๋น์ฉ
๐ธ๐ฆ ูููุงุช
๐จ๐ฟ vรฝdaje
๐ธ๐ฐ vรฝdavky
๐จ๐ณ ๆฏๅบ
๐ธ๐ฎ stroลกki
๐ฎ๐ธ รบtgjรถld
๐ฐ๐ฟ ััาัะฝะดะฐั
๐ฌ๐ช แฎแแ แฏแแแ
๐ฆ๐ฟ xษrclษr
๐ฒ๐ฝ gastos
Etymology
The word 'expensed' derives from the root word 'expense', which comes from the Latin 'expensum', the past participle of 'expendere', meaning 'to spend'. The term entered the English language around the 14th century, originally referring to the action of spending money or resources. Over time, the term evolved, particularly in accounting contexts, to refer specifically to the record-keeping of such expenditures. While 'expense' captures the notion of a cost incurred, 'expensed' focuses on the action of recognizing that cost in financial ledgers. This development reflects the growing complexity and regulatory requirements of financial reporting in the modern economy.