sir , drictor cerdit card statment entry will go in which head in their company accounts ? and all other expenses of drictor for which the company A/C is showing negativ
thank you
veeru sagar
(BBE,M.com,CA Final )
(468 Points)
Replied 02 July 2013
Dear Laxmi
As u explained that how to show the credit card statments in the co. books .dirctor personal expenses show as drawing and business purpose expenses must be reimbursed by co.to the director. in case the co. provided the credit card to the dirctor than must be recovered the personal expenses by the director
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