Costs that are incurred during the normal operations of a business to generate revenues are called

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Expenses refers to the costs that a business incurs as a result of its normal operations in order to generate revenues. This includes costs such as rent, wages, utilities, and supplies. Losses refer to when a business experiences a reduction in value or incurs costs due to unforeseen circumstances such as theft or damage. Liabilities refer to debts or obligations that a business owes to creditors or other parties. Assets refer to the resources or valuables that a business owns, such as property or equipment.

Costs That Are Incurred During the Normal Operations of a Business