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Question ID : 650

Accounting of Expenses

Can expenses be recorded the books of accounts based on the objective rather than its form?
eg. if travellg expenses are curred for the purpose of trag, can the amount of travellg be debited to trag expense?

I s there any regutory framework which is beg d (eg Companies Act,SEBI Guideles etc)? '

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Posted by Krishna Honkote on Oct 22, 2005
Filed Under CORPORATE & OTHER LAWS

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