Personal expenses and withdrawal for personal


This query is : Resolved 

Quick Summary
When preparing an individual's books of accounts, personal expenses and any withdrawals should be recorded under the 'Drawings' account. This includes cash, bank transfers, and goods taken for personal use. It's important to clearly name the type of withdrawal for comprehensive record-keeping.

(Querist)
08 January 2023 personal expenses and withdrawal while preparing books of accounts of individual, should be made under DRAWING.
Please reply

08 January 2023 Yes, show it under drawing.

Daya (Querist)
08 January 2023 Withdrawal means ,
Cash, Bank and Goods,
sir may be other withdrawal, please mention of name of withdrawal.

09 January 2023 Personal expenses considered as withdrawal.


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