Accountancy, asked by raghavdedge04, 5 months ago

which balance does drawings account shows?​

Answers

Answered by rpbestie2020
1

Explanation:

A drawing account is a contraaccount to the owner's equity. The drawing account's debitbalance is contrary to the expected credit balance of an owner's equity accountbecause owner withdrawals represent a reduction of the owner's equity in a business.

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Answered by sonam8478
0

Explanation:

A drawing account is a contra account to the owners equity. The drawing accounts debit balance is contrary to the expected credit balance of an owner's equity account bcz owner withdrawal's represent a reduction of the owner's equity in a business...

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