Accountancy, asked by utkarshsahu085, 4 months ago

the amount drawn by businessmen for his personal use is​

Answers

Answered by Anonymous
1

Explanation:

Withdrawal of money and/or goods by the owner from the business for personal use is known as drawings. Drawings reduces the investment of the owners. It is maintained to track money withdrawn from a business. A drawing account is used primarily for businesses that are taxed as sole proprietorship's or partnerships.

Answered by REDNINJA
0

Answer:

Withdrawal of money and/or goods by the owner from the business for personal use is known as drawings. Drawings reduces the investment of the owners. It is maintained to track money withdrawn from a business. A drawing account is used primarily for businesses that are taxed as sole proprietorship's or partnerships.

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