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    HopeM's Avatar
    HopeM Posts: 1, Reputation: 1
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    #1

    Mar 5, 2011, 10:12 PM
    How do you calculate interest on drawings?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 6, 2011, 11:23 AM

    There would not be interest on a drawings account. The drawings account is for the owner to withdraw money from his or her business because an owner does not receive a salary.
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