Question

what is capital creation and drawing creation?​

Answer 1

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

Answer 2

drawing account is the capital account it's a debit balance will reduce the on a capital account balance and the owner's equity the drawing accounts purpose is to report separately honours draws during each account you