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
Personal expenses cannot be booked. u may Dr. to the concerned employee or director instead record as expenses
Mr Amit, you can not show the personal exp in your business account.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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