Marriage expenses
SONU KUMAR (12 Points)
18 February 2021
Wedding expenses can be shown in drawings in balance sheet
5 Replies
MPR sanjay Kumar
(CA student)
(216 Points)
Replied 18 February 2021
Yes because it is a personal expenses not a business oriented expenses......
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 18 February 2021
Either you can show it in Capital Account or you can show it in Capital account separately as marriage expenses.
It is advisable to show separately .
It is advisable to show separately .
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 19 February 2021
Agree with rashmi ma'am
SUSHANT BIDAYE
(597 Points)
Replied 20 February 2021
Expenses including marriage expenses are to be reduced from Capital and capital balance will come in balance sheet.
in the schedule of capital account marriage expenses can appear as a separate item.
in the schedule of capital account marriage expenses can appear as a separate item.
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