Dear Members,
I have a vague doubt. I understand that the drawings will be reduced from the capital account. When the proprietor draws the money as drawings the effect would be on drawings account as well as cash account. Why the same is not reduced in the capital account when actually, it is a reduction from the capital? Kindly clarify.
Thanks & Regards
Vinay B L
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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