dear sir
can propriter use 20000 cash in a month for their house hold activities
2 Replies
jashwanth
(CA-PRACTICE)
(400 Points)
Replied 17 May 2020
Those are Drawings in nature , no issue by doing that.
suraj zanwar
(Student CA IPC / IPCC)
(352 Points)
Replied 18 May 2020
You can use 20000 cash in a month for house hold activities. It is drawing and not a business expenses, the amount of withdrawal deducted from your capital balance.
Thanks
Thanks
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