Accountancy, asked by rokeshrawal55, 6 months ago

what is capital creation and drawing creation?​

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Answered by misscutie94
3

Answer:

The drawing account is a capital account. It's debit balance will reduce the owner's capital account balance and the owner's equity. The drawing account's purpose is to report separately the owner's draws during each accounting year

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Answered by yashchirdhani
1

Answer:

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