Difference Between Costs and Gastos Presentation Slide
What is the difference between costs and gastos? The key difference lies in their relation to a company's operations. Costs are directly linked to the production or acquisition of goods and services intended for sale. On the other hand, gastos (expenses) are necessary to keep the company running but are not directly tied to production or procurement for sales. Both play an essential role in determining a company’s financial health and profitability.
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