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SONU KUMAR   18 February 2021

Marriage expenses

Wedding expenses can be shown in drawings in balance sheet


 5 Replies

MPR sanjay Kumar

MPR sanjay Kumar (CA student)     18 February 2021

Yes because it is a personal expenses not a business oriented expenses......
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     18 February 2021

Either you can show it in Capital Account or you can show it in Capital account separately as marriage expenses.

It is advisable to show separately .
MPR sanjay Kumar

MPR sanjay Kumar (CA student)     18 February 2021

My honourable CA Rashmi jii ,ok
2 Like
Sourav

Sourav (Student)     19 February 2021

Agree with rashmi ma'am
SUSHANT BIDAYE

SUSHANT BIDAYE   20 February 2021

Expenses including marriage expenses are to be reduced from Capital and capital balance will come in balance sheet.

in the schedule of capital account marriage expenses can appear as a separate item.

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