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If we draw briefly the difference between costs and expenses is as follows Costs are finances incurred by a company for goods or services. Later these goods or services can be useful for the continuity of the company and increase company profits. Expenses are company obligations that must be paid. These expenses can reduce the value and cash of a company. A companys expenses for expenses in a period can also reduce the companys profits. In the period section expenses and costs also have differences.

For costs the accounting period is more than one year. Meanwhile the burden singapore bulk sms packages period is less than one year. Types of we know and understand the meaning of costs and expenses. Next are the types. Both costs and expenses they are divided into several types. You also need to know these types so you can better understand the burden and costs. Below we discuss.

Types of Costs Costs are classified into several categories depending on the needs and classification. There are around seven categories of costs namely Fill in the following form to get a free demo of the max characters First Direct Costs Direct costs are costs that are charged directly to the object. For example if costs are incurred to purchase raw materials for goods for the continuity of the company.