Treatment of personal Electricity or phone bills
This query is : Resolved
Sushil Kumar Shaokand
(Querist)
20 November 2010
Pls, suggest that what treatment will be, in the books of a co. for the personal(Home related) expenses of a director/ Chairman of the co.
CA Navin Jain
(Expert)
20 November 2010
personal expenses is not allowed
CA.ViVeK M ACA
(Expert)
20 November 2010
I hope personal expense were not allowed as company expense. But i hope these expense can be debited to the personal account of the Director and show it as receivable and disclosure as to Related party transaction also possible
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