Is there any concept of drawing of good
Atharv Sankliya (1359 Points)
11 January 2022
is there any concept of drawing of goods in public company and private company
6 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 11 January 2022
Please elaborate what do your mean by drawing here? Is it use of goods for personal use by directors?
Atharv Sankliya
(1359 Points)
Replied 11 January 2022
Yes goods withdrawn by directors for personal use
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 11 January 2022
There is no Concept of Drawings in Private and Public Ltd Cos..
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 12 January 2022
Yes there is n such drawings allowed to directors from the Company. Adjust the amounts taken by the directors from the company with their remuneration payment.
sabyasachi mukherjee
(27732 Points)
Replied 16 January 2022
Concept of drawings is only for partnership.
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 02 February 2022
There is no concept of drawings in Public or Private Companies.
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