Withdrawal of properietor

264 views 2 replies
THE WITHDRAWAL FROM PROPERIETORY FIRM FOR PERSONAL EXP GOES TO WHICH ACCOUNT HEAD IN BUSS.A/C BOOK.PLEASE REPLY
Replies (2)
You may treated as Drawings :-Drawings A/c

i have a one question that one of my client is purchase a machinery part in small cash paid from retailer now i have daut to do in my knowledge i make a entry as properiter withdrawal cash and i treate a puchase of machine as a all small payment made a one journal entry example.. boll nut 23000/- burner 17000/- tank 2 28000/-  the all total is withdrawal pernoal a/c 68000/-dr and cash cr... as a same journal machinery a/c 68000/- and properitoer a/c cr.. what their is right or wrong.... thankx  in advance ....jitu...parmar accountant...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details