Owner's Withdrawals

From CNM Wiki
Revision as of 19:29, 4 January 2019 by Gary (talk | contribs) (Related coursework)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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

Related lectures