Rajesh paid school fees of his son by issuing a cheque from the bank a

1.	Rajesh paid school fees of his son by issuing a cheque from the bank account of his business. According to him, such payment should be treated as an expense of the business. Whether his approach is correct in treating the school fees as an expense of the business?
Answer» ANSWER: no it will not be considered as an expense of a business FIRM as the MONEY is paid for his personal USE

Rajesh paid school fees of his son by issuing a cheque from the bank account of his business. According to him, such payment should be treated as an expense of the business. Whether his approach is correct in treating the school fees as an expense of the business?

Answer»

ANSWER:

no it will not be considered as an expense of a business FIRM as the MONEY is paid for his personal USE

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Rajesh paid school fees of his son by issuing a cheque from the bank account of his business. According to him, such payment should be treated as an expense of the business. Whether his approach is correct in treating the school fees as an expense of the business? ​

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Rajesh paid school fees of his son by issuing a cheque from the bank account of his business. According to him, such payment should be treated as an expense of the business. Whether his approach is correct in treating the school fees as an expense of the business?