a salon earn its revenue from hair cutting shaving etc so if the employee cut the owner hairs does ut will treat as drawing
means is there any concept of drawing in service sector
Menu
Accounting for salon
Replies (3)
Quick Summary
Yes it is personal expenses of owner treat it as drawing
You can treat it and record in the books as a Drawings of a proprietor
What is the journal entries??
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
