Repaid the loan taken from Sachin for the marriage out of
the business.
state whether the the following transcation is business
transcation or non business transcation? with reson or
explaination?
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Answer / sankeerthana
How the things are going on my dear. The answer will be
same as previous question. Expenditure related to personal
obligations should not be clubbed with business expenses.
Even though withdrawl of funds from his own business to
meet the personal things it should not be taken. Business
is a seperate entity as we already studied earlier.
ThankQ very much for the chance given by you to answer
all your questions. Pl comment on style of answering.
sankeerthanaannavaram@yahoo.in
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Answer / gurnani naresh kumar
REPAY YOUR PERSONAL EXPANCES FROM U R CAPITAL ACCOUNT
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Answer / manoj m nair
obviously its a non business transaction why because the loan have taken for personal use and paid the same from business and the owner and business are the two seperate entities
thanks for granting the opportunity share my knowledge
regards
manoj m nair
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