Question

drawing account comes under wich nature
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Answer 1

Answer:

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Explanation:

A drawing account is a contra account to the owner's equity. The drawing account's debit balance is contrary to the expected credit balance of an owner's equity account because owner withdrawals represent a reduction of the owner's equity in a business.

Answer 2

Answer:

It is temporary in nature and it is closed by transferring the balance to an owner's equity account at the end of the fiscal year.

And In final accounts drawing a/c comes in Balance sheet.

Explanation:

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