Advertisements
Advertisements
प्रश्न
Give the word / term or phrase which can substitute the following statement.
The amount withdrawn by the partners from the business for their personal use.
एक शब्द/वाक्यांश उत्तर
Advertisements
उत्तर
Drawings
Explanation: Drawings are the amount withdrawn (in cash or in kind) by the partners from the business for their personal use. In case of fixed capital method, it is recorded in the Partners’ Current Account, while in case of fluctuating capital method, it is shown in the Partners’ Capital Account.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
