Amit Kumar (Accountant) (276 Points)
04 July 2015Dear All,
We are sole properitership and current preciding year we got 64 crore turnover can we show our personal expenses like children school fee in company account. Please give the solution if possible please give me sugeetion waiting for reply.
Thanks in advance
Amit Kumar
rohit
(Student CA Final )
(117 Points)
Replied 04 July 2015
Personal expenses cannot be booked. u may Dr. to the concerned employee or director instead record as expenses
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 06 July 2015
Mr Amit, you can not show the personal exp in your business account.
CAclubindia
