Since bike is for personal use, it is better to pay from Savings Bank A/c so that it is not shown in business accounts at all.
Alternately, you may pay from business Current a/c with 2 options: (1) Debit Drawings or (2) Debit Motorcycle a/c in business books but don't claim depreciation (better for control purpose).
T R SOOD & CO
New Delhi
CA Inter
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
