What are the types of drawings in accounting?

Open in App

Solution

The types of drawings or withdrawals from the business by its owner are in the form of business assets, cash, scrip dividends, and dividends.

Also see: Accounting MCQs

Suggest Corrections

Similar questions

Q. what are the various types of direct expenses used in accounting ratio

Q. what are the various types of indirect expenses used in accounting ratios

Under partners capital accounts in fixed capital method , the specimen of the fixed capital account consists of drawings and additional capital , but while solving a question drawings and additional capital are taken into the current account , what is the significance of that specimen of the fixed account , in what cases does that occur ?

What are different types of accounts you can open in a bank?

Q. In case of fixed capital accounts, transactions such as drawings, commission are recorded in a separate account called account.

Join BYJU'S Learning Program

What are the types of drawings in accounting?

The types of drawings or withdrawals from the business by its owner are in the form of business assets, cash, scrip dividends, and dividends. Also see: Accounting MCQs

The types of drawings or withdrawals from the business by its owner are in the form of business assets, cash, scrip dividends, and dividends.

Also see: Accounting MCQs