Question

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

Answer 1

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'

Answer 2

Answer:

Yes.

Explanation:

Personal Transaction of Proprietor are recorded in the books of Accounts on the name of Drawing.

Treatment: Deducted from Proprietor's capital at the end of the Year in Balance Sheet.

And, In profit & loss appropriation A/c it show on the debit side.