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Marriage expenses
Wedding expenses can be shown in drawings in balance sheet
Replies (5)
Quick Summary
Yes because it is a personal expenses not a business oriented expenses......
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 .
It is advisable to show separately .
My honourable CA Rashmi jii ,ok
Agree with rashmi ma'am
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.
in the schedule of capital account marriage expenses can appear as a separate item.
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