No company bank account, only personal bank account
- When paypal transfer to my personal account, can i record its as drawings?
- If no, when can i record it as drawings? ATM take out money?
- If i earn 100 at paypal and drawings to bank 100, so will my net assets and total equity become 0? if not, what value should be now?
my accountant just told me that i can record as drawings when paypal transfer to personal and no need care ATM date is he right??? i just afirad he is wrong…