The name Misael is ranked on the 6,938th position of the most used names. It means that this name is commonly used. We estimate that there are at least 40100 persons in the world having this name which is around 0.001% of the population. The name Misael has six characters.
As expense is an element of the income statement, it is calculated over the entire accounting period (usually one year) unlike balance sheet items which are calculated specifically for the year end date.
A cost might be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues. We hope the following three examples will illustrate the difference between a cost and an expense. A company has a cost of $6,000 for property insurance covering the next six months.