Accountancy, asked by pushpasoni542, 2 months ago

State two differences between drawings and capital withdrawn

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Answered by sairiyan2008

2

Answer:

Hello, Withdrawal of Capital and drawing are two separate things. The withdrawal of capital is shown in Partner's Capital Account in case fixed capital method. ... On the other hand, drawings reflected in Partner's Current Account are the amount or goods withdrawn by the partner for personal use

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