How Do You Spell EXPENSING?

Pronunciation: [ɛkspˈɛnsɪŋ] (IPA)

The word "expensing" is spelled with a "-sing" at the end, which can be confusing because it sounds like it should be spelled "-censing" (like the word "incensing"). However, the correct spelling is "-sing" because the word derives from the verb "to expense," which means to pay for something or to list a cost. In IPA phonetic transcription, the word is pronounced /ɪkˈspɛnsɪŋ/, with emphasis on the second syllable and the "-ing" sound at the end pronounced as a separate syllable.

EXPENSING Meaning and Definition

1. Expensing is a financial term used to describe the process of allocating or deducting the costs associated with an asset or expenditure from a company's profits or earnings. It refers to the recognition of expenses in an accounting period in which they are incurred, rather than in a future period. This process allows businesses to accurately reflect the true costs of operating their business and helps in determining the net income or loss for a specific period.

   When an expense is recognized or expensed, it means that it is subtracted from a company's revenue, thereby reducing the overall taxable income. This deductive process is crucial for accurate financial reporting and helps stakeholders understand the profitability of a business.

   Expensing can occur in various forms, such as the depreciation of an asset over its useful life, the recognition of wages and salaries paid to employees, costs of raw materials used in manufacturing, advertising expenses, or any other cost incurred by a company while conducting its operations. By expensing these costs, a company is able to match them with the revenue they generate, resulting in a more accurate representation of its financial performance.

   Expensing is also a part of Generally Accepted Accounting Principles (GAAP), which ensures consistency and comparability of financial statements across different companies. It is an essential practice for businesses to provide transparency and authenticity in their financial records and to make informed decisions based on accurate expense recognition.

Common Misspellings for EXPENSING

• Expnsing
• expenssing
• explusing
• exsessing
• expenceing
• exspencing
• exspenssing
• espenssing
• keypensing
• alpensin

Etymology of EXPENSING

The word "expensing" is derived from the verb "to expense".

The etymology of "expense" traces back to the Latin word "expensare", which means "to weigh out". It morphed into the French word "expenser", meaning "to pay".

The term entered the English language in the late 14th century with the spelling "espenser", later evolving into "expense" in the 15th century. "Expensing" is the gerund form of the verb "to expense", indicating the act of incurring expenditures or paying for something.

Similar spelling words for EXPENSING

• Exposing,
• Expressing,
• expansion,
• expensive,
• expense,
• expanding.