Types of Gloves Gloves can be made from a wide array of materials, each with different properties and uses. Some of the common materials used to make gloves include, leather, cotton, latex, canvas, metal mesh and more. Beware if you are allergic to latex and other materials that can cause irritation to your skin.
Expense is defined as the cost of something. 1  An example of an expense is the financial burden of buying a brand new car. 2  An example of an expense is the potential lost time in a project after the direction is changed. 3  Obs. the act of expending; a spending or using up. 4  financial cost; fee; charge.  any cost or sacrifice.
What is a prepaid expense? A prepaid expense is an amount paid for a good or service in advance of receiving that good or service. It is an expense that has been paid for before the actual expense is incurred. In accrual basis accounting, expenses are recognized in the period in which they occur.