expense account

expense account definition - business

expense account

  1. An account in which expenditures are recorded. Compare income account.
  2. A fund for reimbursement by an employer for employee expenses incurred in the course of carrying out duties of employment.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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