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Drawings entry

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(Querist)
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.
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
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.
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Gajjala Satheesh

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Gajjala Satheesh (Querist)
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.




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