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Which is an example of an account plan for reimbursement of business expenses paid for by employees? The employer gives employees a stated amount each
Which is an example of an account plan for reimbursement of business expenses paid for by employees? The employer gives employees a stated amount each month to use to entertain clients. The employer has a petty cash fund available to employees to take cash when taking clients out to lunch. Employees only need to provide documentation of the expenses to be reimbursed in excess of the monthly allowance. The employee must substantiate all expenses to be reimbursed within 60 days with any excess reimbursement returned to the employer.
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