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Conpany director is using his personal vehicle for official purpose. So the petrol bill and toll tax bill will be classified to which account. And the director has not the given to company as capital.
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Include in books of accounts only those bills which relate to business purpose. If it is not identifiable, it is always prudent to charge specific percentage to personal account.
So mainly the petrol and toll tax bill will be charged to travelling expense a/c. And do the maintenance of register for km wise has to maintened
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Yes, if you can maintain then it will be beneficial.
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