Plz suggest me for accounting treatment

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CA kanika (Querist)
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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

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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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)

CA kanika

CA kanika (Querist)
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17 October 2012 dear Siddharth,

thanks but will this be considered as loan from director to campany??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 October 2012 No it is not a loan. The director has incurred expenses on behalf of the company.

CA kanika

CA kanika (Querist)
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17 October 2012 in dat case under wht head director will com?

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
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17 October 2012 current liabilities

CA kanika

CA kanika (Querist)
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17 October 2012 ok thanks to all.

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