Question

Distinguish between widhrawal of capital and drawings

Answer 1

Answer:

The terms "drawing" and "withdrawal" in a business can be somewhat confusing since they sound about the same. A "drawing" refers to an owner's removal of cash from the business earnings. ... An owner's drawing affects the capital account of a balance sheet, whereas a withdrawal has no such effect.

Answer 2

Answer:

The Southern Hemisphere means everything south of the Equator, which includes most of South America, most of Africa, Australia, and Antarctica