Accountancy, asked by monalibanerjee, 11 months ago

What is capital and drawings ??

jaskirat13: capita is money invested by the owner in the business .

jaskirat13: drawings is withdrawl of money foe personal ues

jaskirat13: use*

monalibanerjee: yes its right

jaskirat13: thanks

jaskirat13: my pleasure

jaskirat13: ☺☺

monalibanerjee: ^_^

Answers

Answered by MarshmellowGirl

$\boxed{Explained\:Answer}$

______________________________

□Drawings against Profits means these are the part of Profit which is withdrawn for personal use.

□It is not considered to calculate Interest on Capital and debited to Drawings Account. Drawings against Capital: This means part of Capital is withdrawn of personal use.

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