Accountancy, asked by nalinimurgan29, 6 months ago

personal drawings journal entry​

Answers

Answered by BlueMoonLady
3

Answer:

A journal entry to the drawing account consists of a debit to the drawing account and a credit to the cash account. A journal entry closing the drawing account of a sole proprietorship includes a debit to the owner's capital account and a credit to the drawing account.

Answered by prernakumari21042008
0

Answer:

A journal entry to the drawing account consists of a debit to the drawing account and a credit to the cash account. A journal entry closing the drawing account of a sole proprietorship includes a debit to the owner's capital account and a credit to the drawing account.

Explanation:

hope it helps U mark as brainliest and follow

Similar questions