Drawings
Vishal ( CA student) (394 Points)
16 February 2017
Whether is it mandatory to show drawings in the Balance Sheet of an individual file ?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196247 Points)
Replied 16 February 2017
If already declared in capital account, no need in BS.
Vishal
( CA student)
(394 Points)
Replied 16 February 2017
At the time of the preparing balance sheet, why is it required to show some drawings.. Is there any logic in this..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196247 Points)
Replied 17 February 2017
Because you cannot live without expending anything. If an individual has not withdrawn any capital for personal expenditure (from Personal BS/CA), implies some other source of undisclosed income!!!
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