Menu
Personal Drawings
can a proprietor or a partner withdraw Rs 20000/- or above as personal drawings?
Replies (2)
Yes from the Capital Account (Current Account)
Yes, partner or proprietor can withdraw money.
If he is withdrawing for his personal use, then it becomes drawings.
If he is withdrawing for his personal use, then it becomes drawings.
Recent Topics :
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
Related Topics :
CAclubindia
