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personal account

Others 345 views 4 replies
I Want to know that as i am a proprietor and I have transfer of amount 200000 in my personal account or saving account ,then what will treatment in the books of account?

please do the needful
Replies (4)
It would be shown as drawing from the proprietory concern which affect your capital contribution in the business.
Sir, how much amount we can show as a drawings in one financial year
it's depend upon your capital contribution in the business.
by Drawings to bank/cash a/c
balance sheet - capital - drawing


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