Partnership Accounting:
Drawing and Withdrawing

by Jeany Fone

Q: What is the difference betweem Drawing and Withdrawing? As Drawing affects Capital Ownership.

A: Same thing.

Comments for Partnership Accounting:
Drawing and Withdrawing

Click here to add your own comments

by: Anonymous

Yes it is possible. The owners are referred to as partners

Partnership in a business
by: Anonymous

Is it possible for a business to have more than one owner? If so, what do you call such a business?squeam

Click here to add your own comments

Return to Ask a Question About This Lesson!.

Enjoying this Website?
Help Support it with a Donation


Advertise on

privacy policy

Related pages

inventory on hand adjusting entryp&l definewhat does accounts receivable meandefine profit motiveaccounting courses for beginnerstrade creditor definitionwyzant tutoring addresshow to prepare adjusting entriessynonyms meaning in tagaloghow to solve weighted average problemsgross profit is equal to sales minuscost of goods sales formulawhen is the trial balance preparedassistant accountant definitionvat input and outputbasic accounting concepts in hindiwhat's p&lcarriage and freightwhat are the differences between the lifo and fifo methodshow to calculate cash inflowsundry accounts meaningoutput vat definitionin a perpetual inventory systemcash account normal balancecalculate mark upbelong in tagalogwhat is the journal entry for accrued expensesdefinition of debit and credit in accountingformat of trial balance in accountingpnl sheetweighted average inventory costingweighted average formula accountingretained earnings on cash flow statementhow to calculate finished goods produceddebit and credit accounting explainedcash flow direct methodsingle step vs multi step income statementdeloitte accounting testhow to compute gross profit marginbad debts provisionformula of prime costsales ledger exampleintroduction of accountancynegative retained earningsdouble entry accounting exercisescheap textbook comparisoncost of goods sold formulasowners synonymdouble column cash book questionscash inflow meaningwhat are p&l accountsreverse vat calculationdefine residual interestpaid creditors on account journal entryhow to calculate profit percentage formulawhat is debit balance in accountingdefinition of markup pricingdebtor meaning in accountingformula for working out vatwhat is cost of good sold in accountingjournal entry for sale of inventorycindy sheppardmanual bookkeeping exampleshow to work vat backwardsaccounting balance sheet templatebeginning stockholders equity formulaaccounting for a sole proprietorshipdebited meansfifo methodsdifferent methods of inventory valuationlifo perpetual inventory methodcost of goods manufactured equationsynonym for anonymousbookkeeping test for interviewis indirect labor a variable costwhat are cash outflowsgeneral ledger explainedretained earning debit or creditbalancing accounts receivable