Accountancy, asked by adiljr070, 4 months ago

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

Answers

Answered by Sasmit257
4

\huge\fbox\pink{Answer}

A drawing account is an accounting record maintained to track money withdrawn from a business by its owners.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

Previous Question
Next Question
Similar questions
Math, 2 months ago
Express as a power of a rational number with negative exponent. 1) (2 upon 3) power 3 ​...
Science, 2 months ago
all animals have same way of growing up or not​...
Political Science, 2 months ago
Research and find out how Technology innovation have created a seamless experience for the give thanks with an impressive visual presentation of the topic​...
Economy, 4 months ago
Assertion(a) women children and old people are the poorest of the poor/ Reason(r) they are systematically denied equal access to resources available to family​...
Business Studies, 4 months ago
I need a questionnaire containing atleast 20 questions on shuttlecock​...
Chemistry, 10 months ago
A 100 mL portion of water is added to each of the following two solutions - (1) 100 mL of 0.02 M KCN (ii) 100 mL of 0.02 M HCI Which of the following statements is correct ? (1) There will be no change in pH of solution (i) and (ii) (2) The pH of solution (1) will decrease but pH of solution (ii) will increase (3) The pH of solution (i) will remain same but of solution (ii) will decrease (4) The...
Math, 10 months ago
By what number should we multiply 2 upon-5 to get -11upon4​...
English, 10 months ago
how pasteurisation kills the microbes present in milk​...