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Question

What are the 4 types of expenses? Find the Answer at BYJU'S


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Solution

  • Variable costs. Costs that shift from one month to another (electricity, gas, food, clothing).
  • Fixed costs. Costs that continue as before from month to month(rent, link charge, vehicle installment).
  • Irregular costs: expenses that happen on different occasions consistently and will, in general, be in huge amounts(tuition installment, vehicle fixes).
  • Optional (unimportant): Expenses for things we needn’t bother with (eating out, gifts, snacks).

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