I am doing audit of one company.
While going through the ledger of Insurance expense, i found out entries of mediclaim paid to directors family.
I want to know, whether the above is a personal expense or a business expense?
Sagar (student) (326 Points)
14 April 2011I am doing audit of one company.
While going through the ledger of Insurance expense, i found out entries of mediclaim paid to directors family.
I want to know, whether the above is a personal expense or a business expense?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 15 April 2011
i m agree with rachit