Drawings

Accountancy

Is interest on drawing only calculate for personal use?? Or else if drawing is done for non-personal use then interest will calculate or not?

Rishi jain

CA Final

★ 1K+

16-Mar-22 12:45

459

Answers (4)

Best Answer

Always ,Drawings itself is for personal use only

Mala Ca

CA Final

★ 23K+

16-Mar-22 19:39

What do you mean non-personal use

Sudha Reddy

CA Final

★ 20K+

16-Mar-22 12:48

Sudha Reddy

What do you mean non-personal use

If adjustment was only that a partner withdraw money or goods (For personal use is not specifically written) Then interest on drawing will be charge??

Thread Starter

Rishi jain

CA Final

★ 1K+

16-Mar-22 16:53

Mala Ca

Always ,Drawings itself is for personal use only

Very true

Varun Mulay

CA Final

★ 39K+

16-Mar-22 20:48

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