Drawings entry
This query is : Resolved
10 May 2013
Dear Anyone,
Plz give me answer.
Our Company MD is Drawing the amount from the Daily business transactions.
Drawings comes under which account.
How to pass a entry in Tally.
Plz give me answer.
Our Company MD is Drawing the amount from the Daily business transactions.
Drawings comes under which account.
How to pass a entry in Tally.
10 May 2013
The entry to be passed is as follows:-
Personal Name of Director a/c Dr.
To Cash/Bank
this amount is to be treated as loan to director.
Personal Name of Director a/c Dr.
To Cash/Bank
this amount is to be treated as loan to director.
13 May 2013
Dear Sir,
Under Loan and Liabities(Assets)or Loans and Liabiliteis (Liabilities). I paid money as Drawings to MD and two other partners.
Under Loan and Liabities(Assets)or Loans and Liabiliteis (Liabilities). I paid money as Drawings to MD and two other partners.
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