Expense Accounts and Allowances

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Term: Expense Accounts and Allowances

Definition:Expense accounts are ordinarily a feature of perquisites for executives. Since executives create expenses as a part of their jobs, they are allowed to keep an account, which allows them to be reimbursed periodically for these expenses. Sales people may also have an expense account.

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CoursePage Number
76 - Sales Compensation and Expense Allowances 17
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