Accounting of representative expensesin commercial organizations

Abstract

Representation expenses are the most controversial item of expenditure in any organization, which raises many questions both in theoretical aspects and in practice. Currently, the regulatory framework in the field of taxation and accounting provides many explanations that answer many questions, which facilitates accounting. Nevertheless, there are still points that require clarification, including the documentation of representative expenses. The article summarizes the comments of the Ministry of Finance of the Russian Federation on accounting and tax accounting of representative expenses and offers some recommendations, including in the field of documenting representative expenses.