banner_ad

Proprietor's expenses

This query is : Resolved 

15 February 2016 I am working in proprietorship. I want to ask that can I book expenses made on Proprietor's home and farm hose i.e. rent of genset under 'proprietor drawing' account. But if i do this than capital will be decrese.

Read more at: https://www.caclubindia.com/forum/proprietor-s-expenses-349626.asp

15 February 2016 You have to decrease the capital thats the only legal way out.

15 February 2016 Yes you can book. If you book the profit earned at the year end it will increase.

15 February 2016 Yes you can book. If you book the profit earned at the year end it will increase.

15 February 2016 If your withdrawl is more than profit then your closing capital will be decrease.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details