Plz suggest me for accounting treatment

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17 October 2012 dear members,

plz let me know how to account the expenses which are incurred by a director of private company through his debit card or personal bank a/c as companies bank a/c is not opened and there were some expenses which are required to be made online only.

thanks and regards

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2012 can any one provide me d classes notes for operation mngt..importnt...
my emaid id is -smogha@rocketmail.com
needed on urgent basis ...

thanks in advance

17 October 2012 Expense A/c Dr
To Director
(Being expenses incurred by Director on behalf of the company)

Director A/c Dr
To Cash/Bank
(Being expenses reimbursed)


17 October 2012 dear Siddharth,

thanks but will this be considered as loan from director to campany??

17 October 2012 No it is not a loan. The director has incurred expenses on behalf of the company.

17 October 2012 in dat case under wht head director will com?

17 October 2012 current liabilities

17 October 2012 ok thanks to all.




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