please let me know drawings is indirect expense or some other expense?
Menu
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
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
