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Marriage expenses

SONU KUMAR (12 Points)

18 February 2021

Wedding expenses can be shown in drawings in balance sheet

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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......

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CA Rashmi Gandhi (Chartered Accountant) (86313 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 .

MPR sanjay Kumar (CA student) (216 Points)
Replied 18 February 2021

My honourable CA Rashmi jii ,ok

2 Like

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 19 February 2021

Agree with rashmi ma'am

SUSHANT BIDAYE (583 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.