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Cash book of XYZ Ltd. shows …

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Cash book of XYZ Ltd. shows a payment called ‘Travel Expense’. However, this travel was a personal travel of the managing director with no relation to business. Do you think this is right?

Posted by Siddharth S 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Keshav Bindal 6 years, 10 months ago

These travel expense must be shown as drawings.

Siddharth S 6 years, 10 months ago

Personal travel of the managing director with no relation to business shown in Cash book as a payment called ‘Travel Expense’ is not right and ethical.

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