What is meant by owner's draws? Proprietorship's
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Owners draws Owners draws means withdrawal of fund from business by owner of ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
What is meant by the term owner-partner?
-
What is meant by convergence of U.S. GAAP?
-
What is meant by an entity's functional currency and what are the economic indicators identified by the FASB to provide guidance in selecting the functional currency?
-
1. Based on a simple, constant context, you will arrive at a stationary state for a unregulated, and then a regulated system. Assume that air resistance and friction for a car increase in the power...
-
A gas initially at p1 = 1 bar and occupying a volume of 1 liter is compressed within a piston-cylinder assembly to a final pressure p2 = 4 bar. (a) If the relationship between pressure and volume...
-
Draw a correctly labeled steel market. Assume that the government passes strict pollution regulations that require steel manufacturers to install clean air technology. Show the effect of these new...
-
What System Elements comprise a systems Higher-Order Systems domain?
-
Debra Menge started her own consulting firm, Menge Consulting, on May 1, 2014. The following transactions occurred during the month of May. May 1 Debra invested $7,000 cash in the business. 2 Paid...
-
Halifax Fitness Consulting completed the following petty cash transactions during February 2 0 2 3 : Feb. 2 Prepared a $ 3 , 6 1 0 cheque, cashed it , and gave the proceeds and the petty cash box to...
-
Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to...
-
The Webster Company has just paid a dividend of $5.25 per share. The company will increase its dividend by 14 percent next year. The company will then reduce its dividend growth rate by 3 percent...
-
What is miscellaneous expense?
-
What is the function of the CII-TPM club of India?
-
With a seating capacity of 99,354 at present, Camp Nou is the largest association football stadium in Europe and the second largest in the world. It is the home stadium for, and owned by, Futbol Club...
-
Youve no doubt heard of 5-Hour Energythe small red bottles filled with an energy-infused elixir, located alongside the candy and gum near the checkout at most grocery and convenience stores. Chances...
-
Review the strategies available to companies when determining how to best distribute their products: intensive, exclusive, and selective distribution. Select five products (in more than one category)...
-
Evaluate the sales promotion activities of a grocery store in your area. What consumer sales promotions is it using? Is it successful at reaching its target market with effective promotions?
-
Many companies today are looking to do more than just good deeds. More and more, companies are making environmental sustainability a part of their core missions. Research companies that make...
-
You have been hired as the new assistant financial controller for Autobody Corp., an auto body repair shop. Prepare journal entries for the following transactions, which occurred during August 2017....
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Explain how probability can be applied to decision-making in public administration situations.
-
Do you think that all levels of management have the same functional skills needed for the workplace? How do managers in organizations communicate in terms of tone and leadership style?
-
Accustart Ltd. acquired 38% of the common shares of Lecce Ltd. on January 1, 2024, by paying $5.76 million for 144,000 shares. Lecce declared a cash dividend of $0.60 per share in each quarter that...
Study smarter with the SolutionInn App