Dear someone,
I am a sole proprietor of a fim, i purchased jewellery for my son marriage, In which accounting head i will pass entry , I give this jewellery to my son.
1. Investment or Marriage Expenses
Kindly provide me the reply
Raj
Menu
Jewellery purchase
Replies (1)
It will be required to shown as Drawings & will be deducted from your Capital A/c. Marriage expenses for son's marriage cannot be considered to be incurred for the purpose of business & hence will be drawings of the proprietor.
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
