Hi I
In a co the director withdraw the amount in their personal ac in name of director expense and withdraw cash to give company expenses to avoid cash transaction.
It is valid process.
How to rectify it i meqn any other good ideas for it.
Trf to their personal ac where to record
Director takes money in personal a/c and ave cash
Ravinder Singhal (Compliance) (497 Points)
25 June 2023