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Cash withdrawl for house construction


21 August 2015 A prop. has withdrawal cash from his saving account for purchase of Materials for construction of his house.

How he will account for such withdrawal in his audited account as cash balance is coming more...

Can he debit the same withdrawal in Construction account and the same can be transferred to Plot(Fixed Assets)...

Kindly help...???

28 August 2015 Sir can anybody help ragrding this...???



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