Difference between revisions of "Owner's Withdrawals"
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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. | *[[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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*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 19:29, 4 January 2019
Owner's Withdrawals (alternatively known as owner's drawings, drawings, or, simply, withdrawals; hereinafter, the Withdrawals) is a subdivision of owner's equity that records money or other assets an owner withdraws from his, her, or its organization for personal use.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Withdrawals. A subdivision of owner's equity that records money or other assets an owner withdraws from a business for personal use.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
