personal expenses of boss treatment in sole proprietor business
Gontina Satish (46 Points)
14 March 2019Gontina Satish (46 Points)
14 March 2019
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 14 March 2019
The personal expenses should be treated as drawings. The journal entry for the same is:
Drawings a/c/ Capital a/c Dr.
To cash a/c
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 14 March 2019
Gontina Satish
(46 Points)
Replied 14 March 2019
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 14 March 2019
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