Transfer to drawing accounts
This query is : Resolved
Quick Summary
26 November 2022
is disallowable expenses transferred to drawing accounts in the case of individual and HUF.
CA R SEETHARAMAN
(Expert)
26 November 2022
Yes, it can be transferred.
26 November 2022
sir,
Fixed assets purchased in the case of HUF and proprietorship business for personal purpose, it should be transferred in drawing accounts or Fixed assets accounts?
Fixed assets purchased in the case of HUF and proprietorship business for personal purpose, it should be transferred in drawing accounts or Fixed assets accounts?
CA R SEETHARAMAN
(Expert)
26 November 2022
It should be transferred to drawing accounts.
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
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Capital gain on commercial property and investment in residential property
- ARCA LOGIN
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Import of Capital Machine
- Rectification under processing even after 6 months cpc portal
- 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
