Question

how would you close the partners drawings account ??​

Answer 1

Answer:

The account is also a contra account to the owner's equity, so the drawing account's debit balance is contrary to the expected balance of an owner equity account. The drawing account is closed directly to the capital or current account.

Answer 2

At the end of the accounting year, the drawing account is closed directly to the capital account with an entry that debits the owner's capital account and credits the owner's drawing account