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
09 February 2012
The expenses can be directly debited to the proprietor;s drawings account as the same is personal expenses of the proprietor.
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
