成本和费用之间的差异

Key Difference – Cost vs Expense

Cost and expense are two widely used terms in accounting which are also used interchangeably. However, they have different meanings and should be interpreted accurately. The key difference between cost and expense is that成本是用于获得一些东西的货币价值，而费用是收入收入的项目。Costs and expenses should be analyzed against revenues for the accounting period.

内容
1.Overview and Key Difference
2.What is Cost
3.What is Expense
4.并排比较 - 费用与费用
5.概括

What is a Cost?

Cost is an amount that has to be paid to acquire something. In accounting terms, costs are classified at various levels.

资产成本

According toIAS 16– ‘Property, Plant and Equipment’, a cost of anassetincludes the funds paid to acquire the asset, the cost of site preparation, shipping, handling, and installation. The cost of an asset is reflected in thebalance sheet. The asset is not fully consumed yet, thus this should be recorded as a cost.

例如。1 ADR Company purchased a building which has a cost of $100,500 which has an economic useful life of 40 years.

商品成本

商品成本是否增加了所有直接费用，例如用于生产的材料，人工和开销revenue.

例如。2 ADR Company produces 5, 000 products per cost of $25 each, thus incurring a total cost of $125,000

What is an Expense

费用是一项对牧师,可充电enue for a particular period. Expenses are deducted fromincomes要获得会计年度的利润。由于支出与业务收入有关，因此它们反映在收入证明. In other words, an expense is a cost whose utility has been used up; it has been consumed. Continuing from the same example,

Eg.1. The above-mentioned building will be expensed through thedepreciationcharge per annum and which will be $2,512.5 ($100,000/40) since the cost of an asset is subjected to annual accounting charge of depreciation due to the reduction in its economic useful life. Depreciation is charged per year and the amount charged up to date is referred to as ‘accumulated depreciation’. The accounting entries are,

折旧A/C DR $ 2,512.5

Accumulated Depreciation A/C CR$2,512.5

例如2。价值125,000美元的产品将出售以赚取收入。会计条目将是

Cost of goods sold A/C DR$125,000

Inventory A/C CR$125,000

Expenses also can be accrued or prepaid and both these types should be accounted for.

Accrued Expenses

These are expenses recognized in books before they are paid for and is recorded as a currentliability

例如。应计利息，应计税

Prepaid Expenses

These are expenses paid in advance prior to due date, therefore recorded as current asset

例如。prepaid rent, prepaid insurance

What is the difference Between Cost and Expense?

Cost vs Expense
Cost is the monetary value spent to obtain something.	费用是收取收入的项目。
Types
Cost of assets and cost of goods sold are main types of Costs.	Expenses can be accrued, prepaid or items recorded to compensate for the use of assets.
Tax
Cost is not directly attributable to tax; however, the depreciation charge for cost of the assets is tax deductible	Expense is tax deductible; thus it reduces the tax bill.

概括– Cost vs Expense

Understanding different types of costs and expenses assist better realization of the difference between cost and expense. While Expenses are recognized against revenue, the value of costs is apportioned and written off as expenses to indicate a reduction in their value. Further, expenses are more beneficial from a tax saving point of view compared to costs.

Reference:
1. Murray，让。“成本和支出之间有什么区别？”余额. N.p., n.d. Web. 09 Mar. 2017.
2.“ IAS 16-财产，工厂和设备。”International Accounting Standards.N.P.，N.D。网络。2017年3月9日。
3.”What is the difference between cost and expense? – Questions & Answers.”AccountingTools. N.p., n.d. Web. 09 Mar. 2017.
4.”Accruals and Prepayments.” Accrual Accounting – Prepayment Accounting Explained with examples. N.p., n.d. Web. 09 Mar. 2017.

Image Courtesy:
1. “Chart of Corporate Commercial Expenses and Manufacturing Expenses, 1909” By James Bray Griffith – Administrative and industrial organization. 1909. (Public Domain) viaCommons Wikimedia