Drawing Meaning in Accounting
Drawings in accounting are when money is taken out of the business for personal use. A drawing is any money taken from a corporate account for personal use in accounting terminology. Drawing Account Overview Usage And Features Accounting Entry Business owners might use a draw for compensation versus. . This is a contra equity account that is paired with and offsets. Drawings in accounting refer to the withdrawal from a business by its owner in the form of cash or any other asset aimed to spend for personal use rather than business use. An owners draw also called a draw is when a business owner takes funds out of their business for personal use. In other words it is used to. Revenue Expenditure Capital Expenditure. It can be in the form of a wage or something as basic as lunch paid for with your. The flow of cash or cash-equivalents received from work wage or salary capital interest or profit or land rent. ...