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can we take personal expenses ( example my children school fees,hospital fees my house construction expenses )in the proprietorship concern
Yes you can as long as the money made from the sale isn't spent on holidays and the like, it has to be spent on day to day living expenses or declared to the official reciever.
A nominal real account represents incomes, gains, expenses, and losses. A personal account represents a person's and organization's expenses.
A fraudulent transaction involves the purchase of items by an unauthorized or authorized individual for personal use.
Fraudulent Transactions involves the purchase of items by an unauthorized or authorized individual intended for personal use.
Overall, no effect. Individually, that is a personal choice
no entrar.Sólo personal autorizado.
It is the personal financial responsibility of accounting officials who approve expenses, making them responsible for verifying the accuracy of their account payments.If you are an official, it means that you have financial responsibility for erroneous payments made as a result of your signature.As an accountable official, you are presumed to be negligent when a fiscal irregularity occurs
The tax form that you need is schedule C. This is where you will list all your expenses for your business including the expenses that are shared with your personal taxes.
dr.drawings cr.cash
Do you mean the one in Magatia? The one in Magatia is in a hidden street
To prepare the bank account personal expenses cash in hand the credit and the debit section must be created. This will enable the proper balancing of the expenditure and the income.