Owner personal expenses
This query is : Resolved
vigneshb18
(Querist)
24 January 2018
Dear sir/Madam.
in our partnership firm one partner purchase whirl pool fridge for his home. in tax invoice his name shown. (fridge Rs.16796.86, CGST @ 14% Rs.2351.57,SGST @ 14% Rs.2351.57, total invoice amount Rs.21,500) . amount paid for fridge through partnership bank account. how to entry made for this transaction?
in our partnership firm one partner purchase whirl pool fridge for his home. in tax invoice his name shown. (fridge Rs.16796.86, CGST @ 14% Rs.2351.57,SGST @ 14% Rs.2351.57, total invoice amount Rs.21,500) . amount paid for fridge through partnership bank account. how to entry made for this transaction?
24 January 2018
Debit partner's drawing a/c and credit bank a/c.
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