Advertisements
Advertisements
प्रश्न
What is drawings account?
दीर्घउत्तर
Advertisements
उत्तर
The Drawings Account records the cash or goods withdrawn by the owner for personal purposes. It is treated as the owner’s personal account. The main purpose of maintaining this account is to provide a clear record of the owner’s yearly withdrawals and to avoid excessive entries in the Capital Account. At the close of the accounting year, the total of the Drawings Account is transferred by debiting it to the Capital Account.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
