What expense category is parking?
There is no definitive answer to this question, as the correct expense category for parking will vary depending on the business and the specific circumstances. However, some common expense categories for parking are 'travel', 'transportation', or 'operating expenses'.
Travel Expenses
If parking is incurred while traveling for business purposes, then it would generally be classified as a 'travel expense'. This would typically include expenses such as parking fees at airports or hotels.
Transportation Expenses
If parking is incurred as part of the business's regular transportation expenses, then it would generally be classified as a 'transportation expense'. This would typically include expenses such as parking fees at the business's office or warehouse.
Operating Expenses
If parking is incurred as part of the business's regular operating expenses, then it would generally be classified as an 'operating expense'. This would typically include expenses such as parking fees for company vehicles.
There is no single correct answer to this question, as the appropriate expense category for parking will vary depending on the business and the specific circumstances. However, some common expense categories for parking are 'travel', 'transportation', or 'operating expenses'.
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