8 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183387 Points)
Replied 12 October 2022
Drawings represent the money withdrawn from a business.
Simply put, an owner may withdraw some cash or assets from his business for his personal use, whenever needs. These are not to be confused with expenses, salaries, or wages which are the day-to-day costs incurred for running a business.
Drawings are, in fact, shown as a reduction in assets and capital.
MPR Sanjay Kumar
(3118 Points)
Replied 12 October 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183387 Points)
Replied 17 October 2022
| Originally posted by : MPR Sanjay Kumar | ||
 |
@ Dear Dhirajlal sir, drawings is an expenses of bonus personal use not a business use am I correct sir |  |
Simply said ... its withdrawal of capital from business. Of course its not business expense.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183387 Points)
Replied 17 October 2022
| Originally posted by : Pramod kumar 1392 | ||
|
Dear sir, door Repairing/ ledger head kya hoga |
|
Maintenance & repairs. ..
MPR Sanjay Kumar
(3118 Points)
Replied 17 October 2022
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 17 October 2022
Read the business entity concept. It states all transactiins are recognised as per the business and ownr because bith are seperate
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