Drawings A/C

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Drawings A/C

Bluewednesday
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01-11-2005, 07:38 PM

I have answered your query on accountancystudents.co.uk. A drawings account is only for a sole trader and partnership, not a limited company.

A drawings account is needed to reconcile the capital account i.e. in the financed by section;

Capital b/f
+ cash introduced
+profit for the year
- drawings
= Capital c/f

If a seperate drawings record is not made, it is quite difficult to calculate this figure.

Annette

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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