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Term of the Day
BusinessDictionary.com
expense account
Definition
Money
advanced to a
salesperson
, or any other
employee
or
officer
of a firm, for
food
,
travel
,
accommodation
, entertainment of
clients
, and other such
expenses
considered necessary to make
sales
or to get a
job
done.
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Nearby Terms
expenditure
expenditure approach
expenditure method
expenditure variance
expenditure-based budget
expense
expense account
expense allowance
expense behavior
expense center
expense constant
expense loading
expense ratio
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
revenue
pro forma invoice
fixed cost
Related Terms
normal account balance
close account
travel and entertainment account
debit
income summary account
nominal account
credit
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