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Drawings A/C

 
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Drawings A/C
Shahid_fss
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Posts: 268
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#1
01-09-2005, 03:19 AM
Every account is treated in different ways in accounting.
Mostly rules of Income, Expense, Asset and Liability are followed.
I have discussed many of my teachers about the nature of drawings account but no one of them could clear my confusion.
I think it is a Liability and handled by following all the rules of a liability account.
I think many of you would know better about it.
I will also explaine why I consider it as a Liability if your views are different.

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Messages In This Thread
Drawings A/C - by Shahid_fss - 01-09-2005, 03:19 AM
[No subject] - by Azeem Shah Khan - 01-09-2005, 04:12 AM
[No subject] - by maani - 01-09-2005, 10:59 PM
[No subject] - by Mr. Whappaaaa - 01-09-2005, 11:24 PM
[No subject] - by Apocalypse - 01-10-2005, 03:59 AM
[No subject] - by Azeem Shah Khan - 01-10-2005, 04:41 AM
[No subject] - by maani - 01-11-2005, 06:00 AM
[No subject] - by Bluewednesday - 01-11-2005, 07:38 PM
[No subject] - by Shahid_fss - 01-12-2005, 12:57 AM
[No subject] - by Shahid_fss - 01-12-2005, 01:07 AM
[No subject] - by Bluewednesday - 01-12-2005, 02:29 AM
[No subject] - by Shahid_fss - 01-12-2005, 04:10 AM
[No subject] - by Bluewednesday - 01-12-2005, 06:53 AM
[No subject] - by maani - 01-13-2005, 07:30 PM
[No subject] - by Bluewednesday - 01-13-2005, 07:51 PM

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