What does expense account mean?
Definitions for expense account
ex·pense ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word expense account.
Princeton's WordNet
expense account, travel and entertainment accountnoun
an account to which salespersons or executives can charge travel and entertainment expenses
Wiktionary
expense accountnoun
A bank account which employees may make withdrawals from for work-related purposes.
expense accountnoun
An arrangement whereby an employee is reimbursed for work-related expenses.
Wikipedia
Expense account
An expense account is the right to reimbursement of money spent by employees for work-related purposes. Some common expense accounts are: Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising expense, promotion expense, repairs expense, maintenance expense, rent expense, salaries and wages expense, transportation expense, supplies expense and refreshment expense.
ChatGPT
expense account
An expense account refers to a type of business account used for tracking costs or expenses incurred in the running of business operations. This can include costs related to travel, meals, equipment, supplies, employee benefits, and more. It is a critical component of financial accounting and reporting as it impacts net income and it's also used for tax deduction purposes. An expense account can also refer to an arrangement whereby an employee's business-related expenses are paid directly by the company.
Wikidata
Expense account
An expense account is the right to reimbursement of money spent by employees for work-related purposes.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of expense account in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of expense account in Pythagorean Numerology is: 3
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"expense account." Definitions.net. STANDS4 LLC, 2024. Web. 16 Apr. 2024. <https://www.definitions.net/definition/expense+account>.
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