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what is the difference between in the course of business & incidental to business?


Girinath A

Girinath A

CA Inter

765

09-Sep-21 15:14

438

Answers (1)

See the difference for expense 1) expense in the course of business - This is an expense which entity normally or mandatorly incurs to achieve its objective of business Example- material cost,operating cost 2) expense incedental to business - This expense entity incurs to its main objective Example- when company sends it's employees to outstation conveyance, lodging,meals expense , gratuities etc


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