Proprietor withdrawn

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2015 In partnership firm, If Partner withdraw Cash Every month lumpsum amount it is called Salary or not??
Please explain with entry..

19 January 2015 It can be called as salary, interest or withdrawal from capital a/c.

Salary dr
to cash cr

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2015 Thanks a lot sir...

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2015 In proprietorship. If proprietor withdraw cash .. ????

19 January 2015 you have to debit capital a/c only.


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