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partnership

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(Querist)
13 March 2009 sir

our firm is a partner ship firm.the partners of the firm had paid chq for medicine required to them. should the transtion is tobe posted as expenses or to their capital ac

please say
capital partner dr
bank cr
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
13 March 2009 Transaction to be posted to concerned partner drawings account and inturn to be transfered to capital or adjusted against profits of the year.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
13 March 2009 Technically Partners DR

Practically it is debited to expenses
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