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A draw or drawing account is a temporary account used by proprietorships and partnerships to record withdrawals by the owners. Draw accounts are contra-equity and have a debit balance. Entries in a draw account are typically closed to the owner's capital account at the end of a period.

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โˆ™ 2008-10-02 05:05:39
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Q: What is a draw account?
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Related questions

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you don't. you draw on a different website or program and then upload to animasher from your account. Hope this helped.

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An owner's draw account is not an asset account, but an equity account. It is grouped with other equity accounts, like the owner's investment, and retained earnings.

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If you have a Webkinz account, go to the W shop, go to the toys category and on one of the pages there is a Webkinz drawing book. This book will help you draw Webkinz.

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