Allowability of expenses
Querist : Anonymous
Proprietor has spends expenses like restaurants, CCD etc(for self and some times for clients) from debit card and volume of transaction also is big approx 20-25 transaction per month. Can it be allowable expenses and can it be charge to profit and loss account and if yes then under which GL head it should be treat or it should charged to Capital Account.
Querist : Anonymous
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