How to book personal expenses of director of PVT Ltd. Co. for which payment has been done from petty cash?
Menu
How to book personal expenses of director?
Replies (1)
Since it is a personal expenses of a director, company is not liable for it.
And also it would be disallowed. it should be debited to the directors a.c.
This could be done either by creating an advance a.c and debiting the expenses and can be reduced from salary or other allowance paid to director.
Recent Topics :
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
Related Topics :
CAclubindia
