In tally drawing accounts come under which account






Answer Posted / sheheem

owner drawing means which he withdrew from the business,,
we can't ask him give the money back,.,., so we are making
an account calling drawing account . it will be deductable
from capital account,.,.,.,.

capital a/c dr
to drawing a/c

Is This Answer Correct ?    83 Yes 29 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1502


How you implemented a chargeback system?

1791


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6505


Short Answer on ________Adjusting Entries

1711


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

1542






what is the document spliting?

1603


What is re-financing in Letter of Credit settlement

1524


What is functional area,trading partner in sap fico

1574


what is the difference between cash flow and funds flow

1683


Explain about Fluctuating Capital

2150


differences between liabilities and assessts

3412


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1668


What is deffered income

1693


Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2390


what is purchase consideration?

1686