Purchase a electronic equipments
Querist : Anonymous
Can a director of a Pvt Ltd co purchase a UPS device in finance for rs--130000/- for use of companies production as it is a website development company. Because finance company (bajaj finance) is financing the ups device in company . name.
If it is possible then what will be the accounting treatment
Thank You
ajoy singh
Accounts executive
B3NET TECHNOLOGIES PVT. LTD
Purchase +Debit UPS Credit Vendor
Payment -Debit Vendor Cr-Bajaj Finance
When Payment Made to Finance -Debit Bajaj Finance Cr-Cash or Bank
Querist : Anonymous
But the directors of the company can purchase the asset in his name for company work purpose ?
Querist : Anonymous
How this assets to be shown in the company books of accounts
can you tell me in details that how liability to be created in the name of director of the company?
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