OTHER EXPENSES/(INCOME) Definition

Bookmark and Share

OTHER EXPENSES/(INCOME) includes: miscellaneous other income and expenses (net), such as interest expense, miscellaneous expenses not included in general and administrative expenses, netted against recoveries, interest income, dividends received and miscellaneous income.

Learn new Accounting Terms

OCCURRENCE deals with whether recorded transactions have occurred during a given period. For example, management asserts that sales in the income statement represent the exchange of goods or services with customers for cash or other consideration.

CONSORTIA see CONSORTIUM.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.