Directors personal exp. by company a/c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2015 Dear experts
companys' director has incurred his personal exp paid by company account. plz tell me should i adjust this exp in his remuneration or not....

regard
Vishnu Gupta

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 September 2015 Personal expenses are not allowed.. yes either treat them as advance of remuneration...

or say him to pay himself.....! also check in the books that does director entitle for such or not as per company rules

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2015 No sir as per the term of employment director is not allowed for his personal exp. so should i ask him to return the money or treat it as advance remuneration...

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 September 2015 yes.......... that will be better..!!!