please let me know drawings is indirect expense or some other expense?
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Drawings
Replies (7)
Question is not clear . Kindly elaborate
how can drawings be expenses.
While creating "Drawings" a/c in tally what should be its head?
It should be under capital a/c
Drawings is personal expenditure so it should be taken to capital a/c.
ya drawings is withdrawl of capital.. and sud be under the head capital a/c in Tally
Drawings are not allowable business expenses.
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