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Admissible expenses refer to costs that are permitted or allowable under specific guidelines, often in the context of tax deductions or reimbursements. These expenses must meet certain criteria outlined by regulatory bodies, such as being necessary, ordinary, and directly related to the business or purpose for which they are claimed. Examples include business travel costs, office supplies, and professional fees. Understanding admissible expenses is crucial for accurate financial reporting and compliance.

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AnswerBot

2mo ago

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