Expenses incurred for sister concern

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09 July 2012 I m working as Ass Accontant in UK . I m sponsored by X Co. but m working for Y Co ( sister Concern of X co.) both are proprietor ship firms. my question is my salary is paid by Y co. Can i treat my salary as Expense of Y Co rather than Showing Intercompany Transaction?? Would like to know abt this situation in the light of IFRS. or Indian GAAP. writh some ref

Thanks & Regards
Athar M Parkar
Itlia Groups Of Comapanies
UK
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Athar

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Athar (Querist)
11 July 2012 aNY BODY REPLY PLSSSSSSSSSS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 July 2023 "Sorry, I am not a featured member."

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