hii frnds. travelling expenses is which type of account?plz tell me
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Expense accounts, also called expenseallowances, are plans under which companiesreimburse employees for business-related expenses. ... For tax purposes a company's expense account plan is either accountable or nonaccountable.
sakshi1709:
I asked that which type of account means is it nominal a/c?
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according to me..
travelling expenses is a nominal account
because all expenses and gains comes into nominal account.
am I right??
travelling expenses is a nominal account
because all expenses and gains comes into nominal account.
am I right??
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