Drawings

ITR 184 views 4 replies
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CA student
394 Points Joined December 2016
Whether is it mandatory to show drawings in the Balance Sheet of an individual file ?
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On 16 February 2017 at 18:44 Report
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SEO Sai Gr. Hosp.
210657 Points Joined July 2016

If already declared in capital account, no need in BS.

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On 16 February 2017 at 19:30
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CA student
394 Points Joined December 2016
At the time of the preparing balance sheet, why is it required to show some drawings.. Is there any logic in this..
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On 16 February 2017 at 22:12
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SEO Sai Gr. Hosp.
210657 Points Joined July 2016

Because you cannot live without expending anything. If an individual has not withdrawn any capital for personal expenditure (from Personal BS/CA), implies some other source of undisclosed income!!!

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On 17 February 2017 at 07:18
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CA student
394 Points Joined December 2016
Thank you sir..
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On 17 February 2017 at 17:37


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