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
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
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
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...
28 September 2015
yes.......... that will be better..!!!
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