what is the drawings in financial accounting?
Other - Business & Finance - 4 Answers
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Answer 1 :
Drawings is any money taken out of the bussiness for the owners own personal use. Whilst these may be shown in the accounts they would not be deducted as expenses for tax purposes.
Answer 2 :
drawings is :- 1.funds taken by director/shareholder for personal use this is docked off his profit share.
Answer 3 :
take money out
Answer 4 :
It is where you draw money out of your own personal business account for your own salar
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