Drawing Account

A drawing account is an accounting record maintained to track money and other assets withdrawn from a business by its owners.
When owner of company take some cash or goods from his business for his personal use, then these entries will be counted in Drawing ac. Drawing ac is a part of capital ac. It will be always in DR.Its undergroup will be capital ac.

1. Cash 5000 taken by owner for personal use.

Drawing ac	DR	5000
Cash Ac	CR	5000

2. Goods worth rs of 6000 taken for domestic use.

Drawing Ac	DR	6000
Purchased Ac	CR	6000

3. Cash 4000 and goods of 6000 Taken by owner for private use.

Drawing	DR	10000
Cash Ac	CR	4000
Purchased Ac	CR	6000

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Author Vivek Singh Bhadauriya

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