Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   What is the effect of reimbursed in an expense account (https://www.askmehelpdesk.com/showthread.php?t=441901)

  • Feb 1, 2010, 01:05 PM
    clapsy
    What is the effect of reimbursed in an expense account
    Reimbursed mary graham's business automobile expense for 1000 kilometers at $1.00 per km
  • Feb 1, 2010, 11:30 PM
    rehmanvohra

    Reimbursement means the payment of expenses incurred by an employee in accordance with the terms of employment contract.

    This can be treated as a perk to an employee. In this case, perhaps the employee uses his/her own vehicle for business purposes. The employee has to make a claim for the expenses incurred along with supporting evidence. If the payment is within the stipulated limits the company makes the payment.

  • All times are GMT -7. The time now is 12:40 PM.