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.
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?
26 November 2022
It should be transferred to drawing accounts.
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