Revenue expenses
This query is : Resolved
20 April 2013
Under what head should the expenses reimbursed to professionals providing service to the company be classified. For example, if a professional incurs some expenses to travel and then he claims separate reimbursement, how is that to be classified - as travelling expense of the company or should it be classified as professional fees/remuneration to professional?
23 April 2013
The travel expenses incurred by the professional and then reimbursed by the company has to be treated as payment to the professional.
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