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private ltd co. audit

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14 April 2009 telephone bill raise on company name
but use by director personally
and company recover these exp. from director.
is company approch right.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
14 April 2009 Yes. The company provides telephone to the director to attend for office work when he is away from office. It happens the same phone will be used for personal calls. The company will recover from the director on receipt of the bill. This is generally accpeted principle.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
14 April 2009 Agree with the views of expert.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 April 2009 Even if the amount is not recovered from director but in the contract of employment there is provision for use of telephone facility, it also then be correct.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
15 April 2009 agree with experts
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