CAPITAL ADDITION FROM DRAWINGS
This query is : Resolved
04 December 2019
A PROPRIETOR FIRSTLY WITHDRAWAL AMOUNT FROM CAPITAL WHICH TAKEN IN DRAWINGS AND AFTER SOME DAYS HE AGAIN DEPOSIT THE AMOUNT AND ENTRY PASSED IN CAPITAL ADDITION. NOW ITO WANT TO SOURCE OF CAPITAL ADDITION AND ASSESSES SAID THAT CAPITAL ADDITION MADE FROM DRAWINGS . CAN CAPITAL ADDITION MADE FROM SAVINGS OF DRAWINGS.....ANY CASE LAWS...PLEASE SHARE
27 May 2020
Yes. Why Not. Capital additions can be done from savings or even from drawings.
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