Please help me out on Which Account i have to debit the Hotel Booking charges for the Directors of the comapany
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Quick Summary
Hotel booking charges for company directors should generally be debited to Travelling Expenses / Travel & Conveyance A/c if incurred for official business purpose. If personal in nature, it should be debited to Director�s personal account and may be disallowed in tax computation.
Booking of the Directors Travelling & Hotel booking should be done in Travelling A/c as the director od the company is treated as the other employees...........