Representation Expense
Code: 5258
👁 Views: 60
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Hospitality and public relations expense with clients and partners
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 720
Other Expenses
❓ Frequently Asked Questions
Q: How is representation expense recorded?
A: Dr. Representation Expense, Cr. Bank or Cash.