Accountancy, asked by charm13, 1 year ago

what r the examples of drawings in accounting​

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Answered by shiva752
2

Answer:

What Is a Drawing Account?

A drawing account is an accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships. Owner withdrawals from businesses that are taxed as separate entities must generally be accounted for as either compensation or dividends.

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