Hi Everybody,
i would like to know the journal entry for the below
question,
1). One color Tv is taken by proprietor for Personel use.
also in TALLY Accounting package how i can post,if it is
drawings,under which account, please let me know.
Thanks,
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Answer Posted / satish
DRAWINGS ARE LIKE LOAN THAT U ARE WITHDRAWING FROM YOUR
BUSINESS AND ON WHICH INTEREST ON DRAWINGS BECOME DUE TO THE
CO'S BUSINESS THEN UNDER CAPITAL IT SHOULD BE DEDUCTED
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