Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Personal purchase by properiter

This query is : Resolved 


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.

personal exo .......dr
to bank

Sir, Personal exp. allowable in income tax

no ...its drawings adjusted in capital a/c

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning