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Personal nature exp

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Sandeep Jain

Pivate

1492 Points Posted on 24 August 2022

Dear Sir,

What is personal nature expense

please suggest with examples

Replies (3)

Quick Summary

Personal nature expenses are costs incurred that are not for business purposes. These should not be recorded in a company's revenue accounts. Examples include a director purchasing a car for their own use or covering marriage-related costs.

sabyasachi mukherjee

Profession Business

28246 Points Posted on 25 August 2022

Personal nature e penses must not be charged to revenue account.

Shruti

Student

586 Points Posted on 25 August 2022

Personal expenses means any expense that is not done for business purpose.
For example - Director of the co.buying car for personal use, marriage expenses etc .