Owners drawings can be a confusing area in accounting. However we provide a full explanation with examples to help your understanding.
In my experience as a Chartered Accountant over the past 20 years, one of the areas that causes the greatest confusion for new clients is drawings. In particular the question … Read More
Drawings are the withdrawal of capital from a business by an owner. In this article we are going to look at a simple example and the journal entry required to … Read More
Drawings refer to transactions where the owner or owners are withdrawing funds from the business in the form or cash or some other asset, for example stock or equipment. Drawings … Read More