Company audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2011
Sir,
i am on audit of a private company, after checking the books of accounts i found that telephone expenses of company are paid by the director with his personal Bank A/c.
Can Director of company make the payments of expenses of company from his personal Bank A/cs or credit cards??
Kindly help me on above...
i am on audit of a private company, after checking the books of accounts i found that telephone expenses of company are paid by the director with his personal Bank A/c.
Can Director of company make the payments of expenses of company from his personal Bank A/cs or credit cards??
Kindly help me on above...
28 August 2011
you have to qualify it in your report, because it is not allowable to company.....
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