Difference between revisions of "Owner's Withdrawals"

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[[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]].
 
[[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]].
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==Definitions==
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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
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:[[Owner's Withdrawals]].
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==Related concepts==
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
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==Related coursework==
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*[[Bookkeeping Quarter]].
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[[Category: Septem Artes Administrativi]][[Category: Articles]]

Revision as of 11:54, 15 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.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Owner's Withdrawals.

Related concepts

Related coursework