- expense account
- 1) An account, opened in either the cost ledger or the nominal ledger, for each expenditure heading in which the costs of an organization are recorded before being totalled and transferred to the profit and loss account at the end of an accounting period.2) The amount of money that certain staff members are allowed to spend on personal expenses in carrying out their activities for an organization.
Accounting dictionary. 2014.
Look at other dictionaries:
expense account — ➔ account1 * * * expense account UK US noun [C] HR, ACCOUNTING ► an arrangement in which your employer pays for the things you need to buy while doing your job: »I can put this lunch on my expense account. »expense account fraud … Financial and business terms
expense account — expense accounts N COUNT An expense account is an arrangement between an employer and an employee which allows the employee to spend the company s money on things relating to their job, for example travelling or looking after clients. He put… … English dictionary
expense account — expense′ account n. bus an account of business expenditures for which an employee will be reimbursed • Etymology: 1870–75 … From formal English to slang
expense account — ► NOUN ▪ an arrangement under which money spent in the course of business is later reimbursed by one s employer … English terms dictionary
expense account — ☆ expense account n. 1. an arrangement whereby business related expenses of an employee are paid for by the employer 2. a record of such expenses … English World dictionary
expense account — noun an account to which salespersons or executives can charge travel and entertainment expenses (Freq. 1) • Syn: ↑travel and entertainment account • Hypernyms: ↑account, ↑accounting, ↑account statement * * * noun, pl ⋯ accounts [count] … Useful english dictionary
expense account — UK / US noun [countable] Word forms expense account : singular expense account plural expense accounts a) a system that allows you to get back from your employer any of your own money that you have spent while working b) a record of this money … English dictionary
expense account — n. to pad an expense account * * * [ɪk spensəˌkaʊnt] to pad an expense account … Combinatory dictionary
Expense Account — An expense account is the right to reimbursement of money spent by employees for work related purposes. Expense accounts are regulated by the Internal Revenue Service of the United States Government and by internal auditors for many employers … Wikipedia
expense account — ex pense ac.count n money that is available to someone who works for a company so that they can pay for meals, hotels etc when travelling or entertaining people for work ▪ I have an expense account and spend about £10,000 a year on entertaining … Dictionary of contemporary English
expense account — /ɪk spens əˌkaυnt/ noun an allowance of money which a business pays for an employee to spend on travelling and entertaining clients in connection with that business ● I can put this lunch on my expense account … Marketing dictionary in english