Paid the club bills out of his personal funds?
state whether the the following transcation is business
transcation or non business transcation? with reson or
explaination?

Answer Posted / sankeerthana

How are you my dear. I will not take much time in answering
the question. In your question he paid the club bills from
his personal funds.Even though it is paid by the business
unit towards the bill, it is not a business expenditure,it
is purely personal one for his entertainment and relaxation.
Any Comment to mail sankeerthanaannavaram@yahoo.in

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS

1783


What is Split And buy-back?

2247


What is limit of turnover for registering under CST & limit of Form 'C '

11062


Meaning of portfolio management?

1618


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1213






Short Answer on _________Accounts Receivable

1463


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

1548


Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?

1605


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

621


pls send me capital iq quition paper pls, ihave 2mr interview thanks

1818


what are the customization u have done in sap mm

1817


Assets are held in the Business for the purpose of____________________

1774


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1569


What is the analytical way of accounting?

1749


all of interview question about coop bank of oromia

748