Treatment of bills in the name of director in companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
Dear sir please tell me how to record the expenses bills which are in the name of director and 1.paid in cash or 2. paid by cheque of the company's bank. please clarify with the accounting entries.
01 March 2012
It depends wheater you will be claiming it from the director or not. If yes, it would be expenses acc./cash or bank. If not and you are booking it as an expenses then expenses dr /cash or bank
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
