Accountancy, asked by warsizishan, 1 month ago

Mohan is the proprietor of M/s. M.K. & Co. He purchased a car for his son and made the payment by issuing a cheque from the account of M/s. M.K. & Co. The Accountant recorded as Drawings. But according to Mohan, it should be recorded as Fixed Assets​

Answers

Answered by rudrapratapsingh1233
0

Answer:

okay but I don't know what your answer is answer is

Answered by TheRajArora
1

Explanation:

Accountant is right in this situation as Mohan used that money for his personal use , not for the business use , that's why this entry will be recorded as drawings :)

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