Drawings is a contra account. Debit is the normal balance of Drawing account.
its a debit
Drawings has debit balance as a normal balance that's why it is increased by debit and reduced by credit.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
All revenue accounts has credit balance as a normal balance
its a debit
The classification and normal balance of the drawing account is the owner's equity with a debit balance. A balance sheet is a summary of a company's liabilities and assets, as well as the shareholders' equity.
Drawings has debit balance as a normal balance that's why it is increased by debit and reduced by credit.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
All revenue accounts has credit balance as a normal balance
It has a normal balance of a credit.
It has no normal balance.
Yes withdrawal is shown with drawing account and drawing account is adjusted with owners equity account in balance sheet.
debit
the normal balance of accumulated depreciation is "credit"
normal balance of retained earnings: credit.