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How treat the cash withdrawal

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2013 in a newly started company one of the director withdraw cash from bank his own name .actually the cash used for need company preliminary expenses . i want to know about how the auditor treat the this transaction as cash withdrawal by the company or loan to director.
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Anil Sankar V

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Anil Sankar V (Expert)
15 July 2013 if u have bills ,not a problem.as the company is not incorporated yet.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2013 in the cause no bill what is the treatment?
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