Question

4) What is Drawings?​

Answer 1

Answer:

$\huge{\underline{\underline{\mathfrak{\red{Drawings}}}}}$

1st meaning of drawings :-

• Drawings refers to the act of withdrawing cash or assets from the company by the owner(s) for personal use.
• Drawings can occur by withdrawing cash from a business account, but can also include anything that is considered a business asset, such as products or equipment that is removed from the business for personal use by the owners.
• Any type of drawings reduce the capital or owner’s equity of a business, so it is important to keep track of these drawings and manage them within your accounts. However, drawings are not considered a business expense.

2nd meaning of drawing:-

• Drawing is a form of visual art in which a person uses various drawing instruments to mark paper or another two-dimensional medium. ... Digital drawing is the act of using a computer to draw.
• drawing is the the art or technique of representing an object or outlining a figure, plan, or sketch by means of lines.

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