Meals and Incidental Expenses (M&IE) refer to the daily allowance for meals and other related costs incurred by employees during business travel, as defined by the federal government.
A comprehensive examination of the term 'Per Diem,' which refers to a daily allowance used for travel, entertainment, employee compensation, or miscellaneous business expenses.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.