Plz suggest me for accounting treatment
This query is : Resolved
17 October 2012
dear members,
plz let me know how to account the expenses which are incurred by a director of private company through his debit card or personal bank a/c as companies bank a/c is not opened and there were some expenses which are required to be made online only.
thanks and regards
plz let me know how to account the expenses which are incurred by a director of private company through his debit card or personal bank a/c as companies bank a/c is not opened and there were some expenses which are required to be made online only.
thanks and regards
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2012
can any one provide me d classes notes for operation mngt..importnt...
my emaid id is -smogha@rocketmail.com
needed on urgent basis ...
thanks in advance
my emaid id is -smogha@rocketmail.com
needed on urgent basis ...
thanks in advance
17 October 2012
Expense A/c Dr
To Director
(Being expenses incurred by Director on behalf of the company)
Director A/c Dr
To Cash/Bank
(Being expenses reimbursed)
To Director
(Being expenses incurred by Director on behalf of the company)
Director A/c Dr
To Cash/Bank
(Being expenses reimbursed)
17 October 2012
dear Siddharth,
thanks but will this be considered as loan from director to campany??
thanks but will this be considered as loan from director to campany??
17 October 2012
No it is not a loan. The director has incurred expenses on behalf of the company.
17 October 2012
current liabilities
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