An account used to track withdrawals, such as withdrawals from a partnership or proprietorship by a partner or owner.
Related information about drawing account:
- Drawing Account Definition | Investopedia
An accounting record maintained to track money withdrawn from a business by its owners.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 ...
- What is a drawing account? - Questions & Answers - AccountingTools
May 8, 2011 ... The drawing account is an accounting record used in a business organized as a sole proprietorship or a partnership, in which is recorded all ...
- Accounting> Drawing account - Homework Help: Maths, Physics ...
A drawing account is a temporary account used by the proprietor of a sole proprietorship concern and by the partners of a partnership firm. The drawing account ...
- Drawing account | Business Pundit
A drawing account, which is alternatively referred to as a capital account, is one which keeps a record of withdrawals. This is particularly useful for small.
- What is the accounting entry to close the sole proprietorship drawing ...
The journal entry to close the drawing account requires a credit to Eve Jones, ... The drawing account is also a contra account to owner's equity, because the ...
- What Is a Drawing Account?
Sep 26, 2012 ... A drawing account is a type of bank account used by small businesses. It's main purpose is to keep a record of withdrawals and...
- What is drawing account? definition and meaning - InvestorWords.com
Definition of drawing account: An account used to track withdrawals, such as withdrawals from a partnership or proprietorship by a partner or owner.
- What is drawing account? - BusinessDictionary.com
Definition of drawing account: Accounting: Name of the account (in the account books of a sole-proprietorship or partnership firm) which records all monies taken ...