Difference between revisions of "Owner's Withdrawals"
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| − | [[Owner's Withdrawals]] (hereinafter, the ''Withdrawals'') is the [[financial account]] that records money or other assets an owner withdraws from a business for personal use. The ''Withdrawals'' is an [[adjusting account]] for [[Owner's Capital]] and a subdivision of [[owner's equity]]. | + | [[Owner's Withdrawals]] (alternatively known as [[owner's drawings]], [[drawings]], or, simply, [[withdrawals]]; hereinafter, the ''Withdrawals'') is the [[financial account]] that records money or other assets an owner withdraws from a business for personal use. The ''Withdrawals'' is an [[adjusting account]] for [[Owner's Capital]] and a subdivision of [[owner's equity]]. |
Revision as of 19:27, 11 December 2018
Owner's Withdrawals (alternatively known as owner's drawings, drawings, or, simply, withdrawals; hereinafter, the Withdrawals) is the financial account that records money or other assets an owner withdraws from a business for personal use. The Withdrawals is an adjusting account for Owner's Capital and a subdivision of owner's equity.
