Question

Which of the following expense information is a necessary substantiation requirement?

1) Time
2) Place
3) Business requirement
4) All of the above

Answer 1

The necessary substantiation requirement for expense information includes all of the above, which means that time, place, and business requirement are all necessary to support the expense.

Step-by-step explanation:

The necessary substantiation requirement for expense information includes all of the above, which means that time, place, and business requirement are all necessary to support the expense. Time refers to the date and duration of the expense, place refers to the location where the expense occurred, and business requirement refers to the purpose of the expense and how it relates to the business.