dsstrini
Oct 22, 2013, 06:02 AM
The owner of the company purchased a car for his wife and the installment payments are coming out from the company's bank account and is being expensed as auto expenses. Since the car is not booked as a company asset I told him we cannot be making car payments from the company's account for an asset that belongs to him personally. Can anyone advise if this is correct because he does not agree with me.
Thanks
Thanks