hi.....
i have seen some companies booking various exps as business exps which according to me should not be allowed like personal electricty & telephone bills,fooding (includes hard drinks ),rental exps of parents ,new articles ,items not relating to business (like clothes ,bags ,sandals etc).society exps &R/M of home .Even insurance & loan being paid from co's funds,medical can be understood but the rest i cant agree of allowing such exps,in case of fooding can exps be allowed on most occasions or those which relate to promoting business .pls give ur views in this regard.............
CAclubindia
