"How to Record Proprietor's Cash Withdrawal in Tally Prime | Personal Use Entry in Tally"

📌In this video, you'll learn how to record a proprietor's cash withdrawal for personal use in Tally Prime. This transaction is known as Drawings and is an essential part of bookkeeping for sole proprietorships. I'll guide you step-by-step on how to create the correct voucher and ensure your books are accurate.

🔹 What You'll Learn:

What is a proprietor's drawing?

How to record cash withdrawal for personal use in Tally Prime.

Step-by-step guide to creating a Payment Voucher.

How to create a "Drawings Account" in Tally Prime (if it doesn't exist).

Practical example with a live demo in Tally Prime.

🔹 Key Points Covered:

Why cash withdrawals for personal use are recorded as drawings.

How this affects the cash balance and proprietor's capital.

Common mistakes to avoid while recording such transactions.

🔹 Useful for:

Small business owners.

Accountants and bookkeepers.

Tally Prime beginners.

Students learning Tally accounting.

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