Ms Kavita a business woman has paid the school fees of her daughter from the business . Is this a business transaction ? Give reasons.

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Solution

Dear Student,

Kavita paid School fees of her daughter which is a personal expense.
It is not a business expense as it does not relates with the business, but since it is paid from business it would be recorded as drawings for the business

Regards,

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Ms Kavita a business woman has paid the school fees of her daughter from the business . Is this a business transaction ? Give reasons.

Dear Student, Kavita paid School fees of her daughter which is a personal expense. It is not a business expense as it does not relates with the business, but since it is paid from business it would be recorded as drawings for the business Regards,

Dear Student,

Kavita paid School fees of her daughter which is a personal expense.
It is not a business expense as it does not relates with the business, but since it is paid from business it would be recorded as drawings for the business

Regards,