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Claiming personal travel as a business expense is an example of what type of expense reimbursement scheme?

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Answer:

c. Mischaracterized expense reimbursements

Step-by-step explanation:

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Mischaracterized expense reimbursement refers to a type of fraud wherein a person claims personal expenses as business or office expenses. The expenses are actually incurred for personal purpose but shown and claimed as business expense. For e.g when an employee is on a business tour abroad, the expenditure incurred by him on entertainment being claimed as if the same was incurred for business purpose.

Reimbursement of personal travel as business expense is an example of Mischaracterized expense reimbursement scheme.

Claiming personal travel as a business expense is an example of what type of expense-example-1
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