Saved Bookmarks
| 1. |
Personal transaction of proprietor are recorded in the books of account of business it is true or false |
|
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' |
|