Question

explain process of drawings and capital in accounts​

Answer 1

Explanation:

A drawing account is a capital account. However, as proprietor withdrawals decrease the account value, a debit balance is probable in a drawing account. The drawing account will have a debit balance for two causes. First the draw or withdrawal by the proprietor reduces the capital account.

Answer 2

Answer:

A drawing account is a capital account. However, as proprietor withdrawals decrease the account value, a debit balance is probable in a drawing account. The drawing account will have a debit balance for two causes. First the draw or withdrawal by the proprietor reduces the capital account.