Expense Claims

[kartikvv]

Hi Team

Is there any time limit within which expenses need to be claimed. I mean do we have any accounting principle stating any time limit.

In a contracting / project based company , we make adequate provisions before closing any contract / project and any future expenses which do show up are adjusted agst the provisions.

As long as the expenses are legit , why will any company refuse to pay?

Inputs would be appreciated...

thanks
Cheers
Kartik