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LSDefine

Simple English definitions for legal terms

current expense

Read a random definition: consistorial court

A quick definition of current expense:

A current expense is money spent by a business to keep it running and produce its products or services. This includes things like salaries, rent, and utilities. Current expenses are different from capital expenses, which are investments in long-term benefits. Some expenses, like medical costs and moving expenses, may be tax-deductible.

A more thorough explanation:

Definition: An expense incurred in running a business and producing output. It is also known as operating expense.

Example: Rent, utilities, salaries, and office supplies are all examples of current expenses. These expenses are necessary for the day-to-day operations of a business and are deducted from the revenue earned during the same period.

Explanation: Current expenses are the costs that a business incurs to keep its operations running smoothly. These expenses are deducted from the revenue earned during the same period to calculate the net income. For example, if a business earns $10,000 in revenue and incurs $5,000 in current expenses, its net income would be $5,000. This net income is then used to pay taxes, invest in the business, or distribute profits to shareholders.

currente termino | current funds

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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