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A trip has been cancelled the traveler selected expenses were incurred...and the authorization has been approved. What procedure must be followed?
In this situation, the traveler should submit a reimbursement request for the incurred expenses, along with all relevant receipts and documentation. The request should be accompanied by the approved authorization to ensure proper processing. The finance or travel department will then review the submission and process the reimbursement according to the organization's policies. It is also advisable to keep a copy of all submitted documents for personal records.
Record expenses that have incurred but not paid for yet?
Accrued Expenses
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as?
Selling Expenses
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
When a trip has been cancelled the traveler selected expenses incurred what procedure must be followed?
DTS automatically creates a voucher: the traveler must sign in and the AO must approve it.
Your planned trip was cancelled. Do you cancel the authorization?
Only if expenses where occurred.
A trip has been cancelled the traveler selected expenses were incurred...and the authorization has been approved. What procedure must be followed?
In this situation, the traveler should submit a reimbursement request for the incurred expenses, along with all relevant receipts and documentation. The request should be accompanied by the approved authorization to ensure proper processing. The finance or travel department will then review the submission and process the reimbursement according to the organization's policies. It is also advisable to keep a copy of all submitted documents for personal records.
Expenses that have been incurred but not recorded in the accounts?
Expenses incurred but not yet paid or recorded are called accrued expenses.
Can I use my 2021 FSA funds for expenses incurred in 2020?
No, you cannot use your 2021 FSA funds for expenses incurred in 2020. FSA funds must be used for expenses incurred in the same plan year.
Record expenses that have incurred but not paid for yet?
Accrued Expenses
Can I use my 2022 FSA funds for expenses incurred in 2021?
No, you cannot use your 2022 FSA funds for expenses incurred in 2021.
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
What is preoperative expenses?
Incurred expenses before company formation after commencement of business
Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as?
Selling Expenses
Is professional fee expense an administrative expense or a selling expense?
Expenses which are incurred for the selling of product is called Selling Expenses while expenses incurred on administration of general day to day tasks are called administration expenses
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
