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
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
Related Threads
CAclubindia
