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How to book personal expenses in book of a proprietor

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2016 Dear Sir/Madam,

Please tell me if a proprietor pays his/her children's fees from their companies bank ac then how can they book that fee in their books ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2016 Debit as drawings from the capital account
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2016 there is no capital



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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 February 2016 then create separate ledger as " Drawings" under capital groups and debit that ledger
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2016 okay thank you sir....

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