Accountancy, asked by adiljr070, 2 months ago

explain what is drawing in final accountancy please help I am in exam ​

Answers

Answered by Sasmit257
4

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A drawing account is an accounting record maintained to track money withdrawn from a business by its owners.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.


adiljr070: OMG,,,,, thanks a lot!!!!! I am writing exam and I was stuck on this question for so long,,thank you so much
Sasmit257: Most welcome ☺️
Answered by raghubargupta670
1

Answer:

A drawing in accountancy term include any money that is taken from business account for personal use.

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