Question

Explain the term: (1). Drawings (in accounting)​

Answer 1

Answer:

Drawings are any amount the owner withdraws from the business for personal use. In such cases, owner's receive money from the business via dividends or a shareholder's salary. Example 1: You purchase a new oven for $1,000 for your bakery. c. The definition of a gain is a profit, advantage or increase.

Explanation:

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