Tally Entry Purchase Item For Personal Use

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Dikshit Shah 16 April 2021

Dear Sir

Purchase refrigerate by my director for her Personal use.

Please Describe accounting entry for purchase refrigerate with under group.

Sourav (Student) 16 April 2021

But for personal use asset that entry should not be entered in business accounts.

CMA Poornima Madhava (ACMA) 16 April 2021

Yes, agree with Sourav.

Dikshit Shah 16 April 2021

But sir payment made company bank account

CMA Poornima Madhava (ACMA) 16 April 2021

Company bank account should not have been used for personal purposes. If it already has been paid, then you need to debit the director account.

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