Costs incurred or the using up of assets as a result of the main operations of a business are called:

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Expenses are the costs incurred by a business while generating revenue through its main operations. This could include expenses such as salaries, rent, utilities, and cost of goods sold. Liabilities refer to debts owed by a business, equity represents ownership in a business, revenues are the income earned by a business, and net losses represent the negative result of subtracting expenses from revenues.

Costs Incurred or the Using Up of Assets as a Result