Menu
Personal expenses
Whether any reporting is to be given by auditor, if director's personal expenses are done through companies bank account and then shown as loans and advance in companies balance sheet, is there any violation of any section of company act,2013?
Replies (2)
You, Auditor shall report u/s 143(1)(e)
Personal expenses are not supposed to be debited to P/l account
It is not supposed to be shown as Loan or advance to director also, as there is a prohibition on loan to directors u/s 185
Personal expenses are not supposed to be debited to P/l account
It is not supposed to be shown as Loan or advance to director also, as there is a prohibition on loan to directors u/s 185
sorry it is not you, it's Yes*
Recent Topics :
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
Related Topics :
CAclubindia
