explain the term drowings 11 class accounts
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A drawing account is an accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.
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Explanation:
CBSE class 11 commerce Accountancy Preparation tips
Study as per the syllabus prescribed by the CBSE from NCERT Books.
Remember that CBSE board exams are entirely based on the prescribed syllabus.
Extra Practice can be done from various reference books available in the market.
Some renowned reference books for class 12th Accountancy are are D.K. Goel, T.S.
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