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Personal expenses not to charged to revenue account.
not to be charged to revenue account.
Replies (7)
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.
Also they did not belongs to business , so it is quite obvious that same can't be charged to revenue account.
Its very difficult to apportion a part of personal expenses and business expenses. However as per MAOCARO ORDER OR AS IAS IT IS ALTERED.
Firstly clarify what you want to reply and why you are creating useless post on the portal
But in actual parlance it becomes very difficult to differentiate between business expenses and personal expenses in a closely held businesd
You didn't mention the reason of your useless post and comments.
Capital Ccount ib case of proprietary concern.
otherwise not
otherwise not
I think this is not a reply of my query
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