expense recognition
Definition
Transformation of assets as unexpired costs into expired costs (expenses). Expense recognition effects reduction in the owners' equity and moves assets from the balance sheet to the income statement as they are expended.
email to a friend
print this definition
cite this definition
link to this page
expense recognition is in the Accounting & Auditing subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/expense-recognition.html