Shopping of cloths
This query is : Resolved
09 February 2012
Respected Sir,
A Propritor of Iron and steel business has purchase cloths from his current Ac debit card.Can it be shown in his proft & Loss Ac or direct to his drawing Ac
Please guide.
Thanks & Regards
sarvesh
A Propritor of Iron and steel business has purchase cloths from his current Ac debit card.Can it be shown in his proft & Loss Ac or direct to his drawing Ac
Please guide.
Thanks & Regards
sarvesh
CA. Hari Kishan
(Expert)
09 February 2012
The expenses can be directly debited to the proprietor;s drawings account as the same is personal expenses of the proprietor.
Dintakurthi Tirumala
(Expert)
09 February 2012
It would be drawings so direct to his drawings a/c.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
