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
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