Is there any limit on expense allowance for directors of a company ? What all expenses and to what extent can be debited to P/L account in respect of directors of a company ?
anonymousCA (na) (75 Points)
27 December 2012Is there any limit on expense allowance for directors of a company ? What all expenses and to what extent can be debited to P/L account in respect of directors of a company ?
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 27 December 2012
| Originally posted by : RiMa | ||
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Is there any limit on expense allowance for directors of a company ? What all expenses and to what extent can be debited to P/L account in respect of directors of a company ? |
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Expense allowance basically depends upon the companies policies, every expense needs to be charged to P/L a/c irrespective of designation of the person in the organisation.
CAclubindia
