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| 1. |
What is the meaning of drawings and does we write drawing in trading account |
| Answer» T<br>Money or goods withdrawn by owner for personal use is called drawings. Drawing is written in Balance Sheet.<br>No, we do not write drawing in trading account<br>The money or goods or both withdrawn by owner from business for personal use, is known as drawings. Example: Purchase of car for wife by withdrawing money from business | |