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2024-9-5

What is the nature of such cash withdrawal?

Q: I am the company's owner, when I take the cash from my company and will not return, what should be its nature?


R: If you are the company's employee, the cash can be petty cash for the company's daily use. or the money the company borrow to you. Later after you use it for the company, the balance will be gradually decreased to 0.

If you are not the company's employee, only the owner, taking the cash can be regarded as divident distribution to you or your personal service income. 


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