Shopping by proprietor

18 August 2019

Dear Sir, proprietor Has made some shopping via ATM Card from current account how to show the same in books.
please advise

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194761 Points)
Replied 18 August 2019

Debit it to proprietor's capital account, as personal withdrawal. (assuming it is not for business purpose)

Naveen Kumar (629 Points)
Replied 18 August 2019

yes sir it's not for business purpose. Sir in Capital account needs to mention Shopping or mention personal withdrawal

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194761 Points)
Replied 18 August 2019

Personal withdrawal for .....

Naveen Kumar (629 Points)
Replied 18 August 2019

Thank you Sir,

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