ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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QUASI-BUSINESS EXPENSES Definition
QUASI-BUSINESS EXPENSES are those tax deductible expenses that could qualify as a personal or business expense dependent upon the situation, e.g. lavish automobiles, country club dues or dubious travel expenses.
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CHEQUE BOOK see CHECK REGISTER.
OPERATING PROFIT is Gross Profit minus Operating Expenses.