Can we purchase asset by the money

can we purchase asset by the money of business and use it for personal use ???
Replies (2)
Quick Summary
This discussion delves into whether business funds can be used to purchase assets for personal use. Technically, this is not permissible. However, practically, it might be possible until it's explicitly disallowed. For sole proprietorships or partnerships, such transactions could potentially be recorded as drawings.

Technically No....

Practically........... till it is disallowed...

Yes you can. and show it as drawings if it's a proprietary/partnership.

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