Director loan
This query is : Resolved
08 June 2014
i want to know how can manage of director loan, his personal expenses, etc. in our books. should i create a separate company in tally or show in director's loan accounts.
09 June 2014
No need to create separate books. The payment received by the director from the company is the Expense for the Company. So
U must Create separate ledgers in the Books of the Company as under:-
Director's Remuneration - Indirect Expenses(deduct TDS u/s 194J if applicable).
Loan to Director - Current Assets Loans n Advances
Loan From Director - Current Liability Loans n advances.
U must Create separate ledgers in the Books of the Company as under:-
Director's Remuneration - Indirect Expenses(deduct TDS u/s 194J if applicable).
Loan to Director - Current Assets Loans n Advances
Loan From Director - Current Liability Loans n advances.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
