Allowability of Business expense taken in the name of partner

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Articled assistant
146 Points Posted on 14 June 2020
Can broadband connection taken for the purpose of firms operations be taken in the name of partner? If so, whether such expense can be allowed as deduction in the Profit and loss of the firm? kindly clarify?
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On 14 June 2020 at 20:03 Report
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This discussion clarifies whether business expenses, such as a broadband connection essential for the firm's operations, can be claimed if they are in a partner's name. It also addresses the accounting treatment for numerous daily B2C invoices, questioning if each individual invoice needs to be entered into accounting software like Tally.

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Student
1321 Points Posted on 15 June 2020
The connection should t in the firm name.
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On 15 June 2020 at 05:49
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Articled assistant
146 Points Posted on 15 June 2020
If there are many b2c invoices daily around more than 50 in the name of different buyers..how to account for such invoices in tally? whether all such invoices need to be entered?
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On 15 June 2020 at 17:57

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