IF WE PURCHASE TV FOR PERSONEL THEN WE DIDNT RAISE PURCHASE
ORDER WHY ?
Answers were Sorted based on User's Feedback
Answer / avishek bandopadhyay
Here TV is purchased for personal purpose and in business
any transaction happend for the personal purpose is
considered as a drawings. Therefore we can't raise purchase
oerder for the drawings.
Is This Answer Correct ? | 35 Yes | 1 No |
Answer / arun k sharma
This will not recorded in the books of accounts because as per Business Entity Concept transaction are recorded as per Business perspective not as per Personal.
Is This Answer Correct ? | 0 Yes | 0 No |
He did not give an explanistin to anybody, while he's own
mony.
Is This Answer Correct ? | 2 Yes | 12 No |
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