what is the diference between cost and expence?

Answer 1

Remember that what something costs you is not nessarily the total expense of that item.
Cost of a part(s), plus cost of labor, plus cost of shipping, plus cost of mailing, plus cost billing or total administrative functions are but a part of the expense of running a business or a family.
Do you get the sense of it.

Answer 2

In accounting parlance, "cost" are the direct expenses involved and are identifiable in the manufacture of goods such as direct materials and direct labor, plus indirect expenses which are involved in the manufacture of the goods but could not be identifiable, such as depreciations, utilities, administrations expenses, etc. On the other hand "expenses" (expence), are expenses attributable to the products after the goods have been manufactured, such as selling expenses, advertising, etc

Answer 3

The words are usually interchangeable. Cost usually refers to how much money it will take to get something. Where an expense is money that is spent and will not be recouped (you won't get it back).

For example, a house may cost you $300k, but only the fees to buy the house would be considered an expense because you could recover your $300k by selling the house.

Answer 4

Sounds like the same thing