State with reasons that Capital and Drawings Accounts look like impersonal accounts but they are always
used like personal accounts
Answers
Answered by
16
Answer:
it is personal account always
Explanation:
because drawing is the amount withdrawn from particular account of company and capital is also invested by particular person in a company so both are actual personal account
Answered by
0
Answer:
Both these accounts are personal account because they belong to propreitor. For accounting purpose transactions related to propreitor (capital infusion or withdrawal) are done in capital and drawings account respectively.
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