1.

Personal transaction of proprietor are recorded in the books of account of business it is true or false

Answer»

ANSWER:

if the personal TRANSACTION of the proprietor is DONE through BUSINESS accounts then the transactions are need to show in books, for WITHDRAWAL of money/goods  from business account record as drawings and in the same way deposit of money to business account as addition to capital.

Explanation:

if proprietor uses different account for personal and business then the answer is 'NO'



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