Hy
proprietor withdraw some amount every month from business. is it good for business..
Business is profitable throughout year ??
CA Aakarsh Jain
(CA)
(10216 Points)
Replied 06 April 2023
sabyasachi mukherjee
(26073 Points)
Replied 06 April 2023
Yasaswi Gomes new
(Finance )
(4479 Points)
Replied 06 April 2023
Apart from equity = assets - liabilities there is nothing imortant. I think there are company laws that directors can draw accordingly.
Yasaswi Gomes new
(Finance )
(4479 Points)
Replied 06 April 2023
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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