Owners Drawing in Accounting

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Owners Drawing in Accounting

Kephrem1 Offline

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04-17-2013, 08:54 AM

Question on Owner's Drawing

When an owner Draw's $500, we debit his account because debit decreases equity/capital correct?

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amilitab4k9 Offline

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04-17-2013, 01:54 PM

Yes, and credit cash.

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