Grouping of expense

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2013 For a Private Ltd company..Credit card used by the director for business purpose should be grouped under which head?????

CA Siddhartha Bhardwaj (Expert)
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06 August 2013 The amount payable to the Director should be shown under current liabilities.

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