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 Threads
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
Related Threads
CAclubindia
