How to book personal expenses in book of a proprietor

This query is : Resolved

Querist : Anonymous

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 ?

CMA Ramesh Krishnan

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

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Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2016 there is no capital

CMA Ramesh Krishnan

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

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2016 okay thank you sir....

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