My director, who is also an employee of the company goes to gulf countries for business purposes. Now, he uses the company credit, debit and his personal cards for expenses there, like lodging,food extra. What will be the accounting treatment for expenses done from 1. Company debit card? 2. Company Credit card? 3. His personal card.
He wants to to show expenses done from his personal card has loan from company. Is it correctt treatent?
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