Propritorship
This query is : Resolved
Harshita Khandelwal
(Querist)
09 April 2021
Is there any limit for proprietorship regarding drawing? Can a proprietor pay salary to the employee from the drawings he made from his business and is there any limit for the same?
Ganeshbabu K
(Expert)
09 April 2021
if there is no money to pay salary to employee proprietor may increase his contribution of capital by depositing cash in his firm account and make payment of salary
if proprietor dont want to book salaries that amount to wrong practice and you can take risk paying from drawings
if proprietor dont want to book salaries that amount to wrong practice and you can take risk paying from drawings
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