Poonawalla fincorps
Poonawalla fincorps

Director paid company expenses through credit card

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2018 Please guide me for the following.

what should be the treatment in tally for company expenses paid by director through his credit card and some of the credit card bills paid by director's personal account.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 April 2018 create a liability in favor of the director. Subsequently set of the liability by paying the relevant amount to the director

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