Question

Meaning of drew in accontancy

Answer 1

The withdrawal of bussiness cash or other assets by the owner for the personal use of the owner .Withdrawal of cash by the owner are recorded with a debit to the owners drew the account and a credit to the cash account

Answer 2

Answer:

The withdrawal of business cash or other assets by the owner for the personal use of the owner. Withdrawals of cash by the owner are recorded with a debit to the owner's drawing account and a credit to the cash account.

What does the name drew mean?

Drew is the past tense of draw.