Personal purchase by properiter


(Querist)
21 August 2019
Sir,

proprietor has a purchase some personal item like, Wallet, Cloth, tie, bag etc he paid amount from current account. Please suggest how to adjust the same in books of account.



Gokul Sharma (Expert)
21 August 2019
personal exo .......dr
to bank

Santosh (Querist)
21 August 2019
Sir, Personal exp. allowable in income tax

Gokul Sharma (Expert)
22 August 2019
no ...its drawings adjusted in capital a/c


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