Where you record drawing in tally?

Answer 1

To record drawing in a tally, you typically create a separate account in the accounting records, often labeled "Drawings" or "Owner's Drawings." Each time a drawing is made, you can record it in a tally format by marking lines for each transaction, grouping them in sets of five for clarity. This helps track the total amount withdrawn by the owner over a specific period. Finally, the total tally can be transferred to financial statements to reflect the impact on the owner's equity.