Drawings made by an owner belongs to:
A Personal account is a General ledger account connected to all persons like individuals, firms and associations. Since drawing made by the owner relates to an individual it falls under the personal account category. Drawing Account is a contra owner's equity account used to record the withdrawals of cash or other assets made by an owner from the company for its personal use during a financial year. It is temporary in nature and it is closed by transferring the balance to an owner's equity account at the end of the financial year resulting in a reduction in the capital of the owner at the end of the year.
What is the premium for deposit insurance is paid by the banks to DICGC for every Rs 100?
Deen Dayal Upadhyaya Kaushalya Yojana (DDU-GKY) is a demand-driven placement linked skill training initiative working under the National Rural Livelihoo...
Why do boards oversee risk management practices in an organization?
The finance ministry has increased the small savings rates for the September quarter of FY 24.Amongst the changes, the small savings rate for the fiv...
The Reserve Bank has notified that the retail investors can subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal. F...
Which of the following is the most liquid measure of money supply?
What is the risk measure associated with the Capital Market Line (CML)?
Which of the following decisions do not affect the Free Cash Flow to equity?
What does “D” in NDTL stands for?
What will be the Return on Equity of Rahul’s company?