Ask Experts Questions for FREE Help !
Ask
    vivekananda's Avatar
    vivekananda Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 22, 2008, 08:46 PM
    Accounting test
    If the owner of a company withdraw money from company account, will it be recorded in accoun?
    vivekananda's Avatar
    vivekananda Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jul 22, 2008, 08:47 PM
    If the owner of a company withdraw money from company account, will it be recorded in account
    stuckinmath's Avatar
    stuckinmath Posts: 17, Reputation: 1
    New Member
    		  
    #3

    Jul 23, 2008, 07:22 AM
    Yes it would be recorded as owner drawing
    carine2010's Avatar
    carine2010 Posts: 5, Reputation: 1
    New Member
    		  
    #4

    Jul 27, 2008, 09:37 AM
    You will debit drawings account and credit cash account since the withdrawal from the owner reduces the company's cash.
    949's Avatar
    949 Posts: 31, Reputation: 2
    Junior Member
    		  
    #5

    Jul 27, 2008, 06:32 PM
    Yes it is recorded.

    dr. drawing, owner... xxx
    Cr. Cash... xxx
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Positive home test,inconclusive docs test [ 3 Answers ]

Hi there, can anyone tell me if this has happened to them, I've already had a miscarriage and a stillbirth so I'm very worried, I done a home pregnancy test and it came back posative, 2 days later I handed a sample of urine into the docs, theyphoned me to say I would need to hand in another in 7...

EtG test (80 hour Alcohol test) - Drink Friday will it be there on Tuesday/Wednesday? [ 21 Answers ]

I drank a few pitchers and a couple shots on Friday. I will either have to test on Tuesday or Wednesday. Wednesday is a must, but I could get called for random on Tuesday!? :confused: :eek:

Late period, 1 negative test 1 positive test [ 6 Answers ]

Hello. My husband and I have been trying to conceive for about 6 months. Previously I lost a baby at 7 months pregnant... looong story... anyway I conceived last time on Clomid. I began Clomid again last month. I am a day late, I took 1 test Sunday (2 days before missed period) it was a faint...

Test Device 2 Test Inside Wiring w/o Phone [ 5 Answers ]

Is there a small (max 5cmX5cmx5cm), inexpensive test device or card on the market that I can use to test my phone line at the NID without using a telephone? This is important as I have a cordless.

Accounting Online test tmrw - Willing to help [ 1 Answers ]

I have a 50 multiple choice test tmrw and I need to pass it in order to pass the class.. Who would help me out with it I forgot to mention that I don't care about the price... ill pay anything as long as I pass

View more questions Search