Accountancy, asked by siya5796, 1 month ago

why we written drawing in debit side of capital account​

Answers

Answered by deepali921
2

Answer:

To answer your question, 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.

Answered by Anonymous
3

Answer:

To answer your question, 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.

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