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In which columns will the drawing and owners capital appear on a work sheet?
rosbur7
Mar 5, 2011, 06:23 PM
pready
Mar 6, 2011, 11:26 AM
The drawing account normally has a Debit balance so it will appear in the debit columns of the worksheet.
The other owners acocunts will have a normal credit balance so they will be in the credits columns of the worksheet.