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Easy Office

What is the rectified entry when drawings made by proprietor

This query is : Resolved 

08 August 2012 What is the rectified entry when drawings made by proprietor is debited to expense a/c?

08 August 2012 Debit Proprietor Capital Account (Drawing Account)
Credit Expenses Account.

If related to previous year, then this is prior period item and credit to P&L



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