Question

what do you mean by drawing in accounting?

Answer 1

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Here is ur answer u were looking for..!!

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When a business proprietor withdraws money from the business for personal use is called drawing.

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Answer 2

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HERE IS YOUR ANSWER,


> The drawing means the goods or money withdrawn from business concern for the owner personal uses.

> The drawings are the resources which are taken by the person of the business concern for his personal uses.

> The people generally deduct the drawings from the capital in the business.

> The withdrawals by a sole owner will affect the company's balance sheet by the reduction of the asset withdrawn and a decrease in owner's equity share.


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