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Expense account

An expense account is the right to reimbursement of money spent by employees for work-related purposes.[1] 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.[2]

  1. ^ Brian Satterfield (May 29, 2008). "5 Tales of Outrageous Expense Account Abuse". HR World. Archived from the original on 2009-03-21. Retrieved 2009-03-13.
  2. ^ Kieso, Paul D. Kimmel, Jerry J. Weygandt, Donald E. (2012). Financial accounting Tools for business decision making (7th rev. ed.). New York: John Wiley & Sons Inc. ISBN 9781118162286.{{cite book}}: CS1 maint: multiple names: authors list (link)

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