In accounting, drawings are recorded as debits to the owner's capital account. This is because drawings reduce the overall equity of the owner in the business. When a drawing is made, it is debited to the drawings account, which is a contra equity account, and credited to the cash or asset account from which the drawing is taken. Therefore, if you see a debit entry in the drawings account, it indicates that funds have been withdrawn from the business.
just like you read any book. You have to know the language
a type of drawings are detailed threads, and complementary threas
LS drawings are Light Sketch drawings preferred by a pencil or thin charcoal.
Working drawings are usually drafts used in construction or design. Detail drawings are drafts done that highlight or enlarge a smaller part of a component.
Fabricators use different types of engineering drawings to understand how to make and put together steel parts. The most common ones are assembly drawings, detail drawings, and shop drawings. Assembly drawings show the complete structure and how all the parts fit together. Detail drawings give exact sizes, shapes, and other important information about each individual part. Shop drawings are used in the workshop and include all the steps and instructions needed to make and install the parts. These drawings are connected to each other – the assembly drawing gives the overall idea, while the detail and shop drawings give step-by-step guidance. By using all these drawings together, fabricators can make sure the final product is made correctly and everything fits as planned.
debited
Commission received is credited and cash is debited
credited
credited
credit
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
debited side
Credit
yes
In accounting, transactions are debited or credited based on the accounting equation, which states that assets must equal liabilities plus equity. When a transaction increases assets or expenses, it is debited. When a transaction increases liabilities, equity, or revenue, it is credited.
Revenue is income or a credit.
In accounting, when a transaction occurs, one or more accounts are debited while others are credited to maintain the accounting equation. Typically, assets and expenses are debited, while liabilities, equity, and revenue are credited. For example, if a company purchases inventory with cash, the Inventory account (asset) is debited, and the Cash account (asset) is credited. This ensures that the total debits equal total credits, preserving the balance in the accounting records.