Can the limited company record the gas bill and repair costs of the passenger car belonging to its partner to the company records?
Invoices and other documents not issued on behalf of the company cannot be stated as expenses.
In the event that a lease agreement is issued, the expenses made on condition that they are stated in the contract are recorded as an expense.
Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
