what is drawings?
this question is 12th accounts
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Explanation:
In the statement of profit and loss, the amount of drawing is to be added to closing capital balance.closing capital will be increased due to drawings during the accounting year
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My name Harshit shinde I am 11th std
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Answer:
Drawing Account Journal Entry
ABC (Owner) making a withdrawal of $100 from its proprietorship business (XYZ Enterprises) for its personal use. This transaction will lead to a reduction in owners' equity capital of the XYZ Enterprises and also a reduction in Cash Balance of the enterprise.
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