Personal exprenses accountability

A/c entries 447 views 2 replies
User Avatar

Accountant
276 Points Joined May 2011

Dear All,

We are sole properitership and current preciding year we got 64 crore turnover can we show our personal expenses like children school fee in company account. Please give the solution if possible please give me sugeetion waiting for reply.

Thanks in advance

Amit Kumar

 

0 Reply Share Follow
On 04 July 2015 at 11:34 Report
Replies (2)
User Avatar

Student CA Final
117 Points Joined September 2012

Personal expenses cannot be booked. u may Dr. to the concerned employee or director instead record as expenses

Reply
On 04 July 2015 at 12:53
User Avatar

Apt Co Advisory
1230 Points Joined June 2009

Mr Amit, you can not show the personal exp in your business account.

Reply
On 06 July 2015 at 10:14


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading