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Personal expenses not to charged to revenue account.

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Profession Business
28207 Points Posted on 12 February 2024
not to be charged to revenue account.
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On 12 February 2024 at 13:21 Report
Replies (7)
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Chartered Accountant
86505 Points Posted on 12 February 2024
Personal expenses are shown in capital account.

Also they did not belongs to business , so it is quite obvious that same can't be charged to revenue account.
814 Reply
On 12 February 2024 at 19:03
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Profession Business
28207 Points Posted on 12 February 2024
Its very difficult to apportion a part of personal expenses and business expenses. However as per MAOCARO ORDER OR AS IAS IT IS ALTERED.
44 Reply
On 12 February 2024 at 20:02
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Chartered Accountant
86505 Points Posted on 12 February 2024
Firstly clarify what you want to reply and why you are creating useless post on the portal
814 Reply
On 12 February 2024 at 20:03
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Profession Business
28207 Points Posted on 12 February 2024
But in actual parlance it becomes very difficult to differentiate between business expenses and personal expenses in a closely held businesd
44 Reply
On 12 February 2024 at 20:11
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Chartered Accountant
86505 Points Posted on 12 February 2024
You didn't mention the reason of your useless post and comments.
814 Reply
On 12 February 2024 at 20:23
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Profession Business
28207 Points Posted on 12 February 2024
Capital Ccount ib case of proprietary concern.
otherwise not
44 Reply
On 12 February 2024 at 22:59
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Chartered Accountant
86505 Points Posted on 12 February 2024
I think this is not a reply of my query
814 Reply
On 12 February 2024 at 23:01


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