a individual person is using a firm resources like electricity without firm's consent after 2 yr firm get to know about that . now this individual is paying money for using electricty this so does it is recorded
4 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 07 July 2022
You may pay proportionate share and book the exp
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 July 2022
If bank transfer then yes and in case same in cash you can ignore it
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 10 July 2022
Cash payment upto 10000/- per day per expense is allowed
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 10 July 2022
Just understand the query , 2 years amount cant be 10000 only
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