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Expense and Debt

Debt is the term associated with money you owe another party. What is the difference between an expense and a debt? (Give several examples)

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These are issues related to financial management. Managers should have a financial understanding of their organization to take the decisions in a prudent manner. Financial understanding will enhance the commercial knowledge and will also get the relevant inputs for taking decision making.
Debt is the amount which you owe to outsiders. For example loan, creditors , Notes payable. On the ...