Accounting Query

Accountancy

Website Domain of Business is Purchased by Shareholder in it's personal Name. Can we book this expense as Business Expense ? Is it Justifiable ? And if yes, then please suggest under which Accounting Standard ?

Rishikesh Prajapati

CA Final

★ 7K+

09-Dec-23 11:45

374

Answers (1)

You can book it provided the amount is paid back to shareholder.

CA Suraj Lakhotia

Admin

11-Dec-23 11:44