Expenses
This query is : Resolved
08 May 2011
In Business, whether expenses such as Director's remuneration, partner's salary, interest to partner are real actual payments or notional payments?
09 May 2011
Such expenses are actual payment.
09 May 2011
Such expenses are allowed on accrul or cash basis depending upon the accounting method adopted by the concern. However, in no case, it is allowed on notional payments
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