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IF WE PURCHASE TV FOR PERSONEL THEN WE DIDNT RAISE PURCHASE
ORDER WHY ?
- 3 Answers
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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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