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
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personal account
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
balance sheet - capital - drawing
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