1. Making **withdrawals from a partner's current account** - If a partner has invested funds in the company, they can withdraw them. - These transactions must be recorded in the accounting records. - Note: this is not income, but a repayment of capital or a loan. 2. What not to do - **Directly use the company's bank account** to pay for personal expenses (groceries, household bills, leisure activities). - This can be considered misuse of company assets or mismanagement. - In the event of a tax or legal audit, this can lead to penalties. 3. Why does this rule exist? - It protects the separation between the company's assets and those of the manager. - It guarantees accounting and tax transparency. - It prevents confusion in the event of a dispute, bankruptcy, or audit.