Accountancy, asked by lifediary, 1 year ago

what is drawings in account​


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Answers

Answered by yashgandhi74
6

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The drawing account is an accounting record used in a business organized as a sole proprietorship or a partnership, in which is recorded all distributions made to the owners of the business. They are, in effect, "drawing" funds from the business


lifediary: copied
bangtanmighty: How the author has given effects in the answer
Answered by Anonymous
12

Whatever owner withdrawn from business is called Drawings.


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