Hy
proprietor withdraw some amount every month from business. is it good for business..
Business is profitable throughout year ??
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Capital Ac
Replies (5)
Yes, as there must be some drawings in every business
Thank you sir
Capital account is seperate and drawings seperate.
Apart from equity = assets - liabilities there is nothing imortant. I think there are company laws that directors can draw accordingly.
Apart from equity = assets - liabilities there is nothing imortant. I think there are company laws that directors can draw accordingly. But
Dr. Drawings
Cr. Bank both always tally. And capital account is reconciled with bank.
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