What is drawing

Drawings represent the money withdrawn from a business.

Simply put, an owner may withdraw some cash or assets from his business for his personal use, whenever needs. These are not to be confused with expenses, salaries, or wages which are the day-to-day costs incurred for running a business.

Drawings are, in fact, shown as a reduction in assets and capital.

 

Dear sir,

door Repairing/ ledger head kya hoga

Originally posted by : MPR Sanjay Kumar
	@ Dear Dhirajlal sir, drawings is an expenses of bonus personal use not a business use am I correct sir

Simply said ... its withdrawal of capital from business.  Of course its not business expense.

Originally posted by : Pramod kumar 1392
	Dear sir, door Repairing/ ledger head kya hoga

Maintenance & repairs. ..

Read the business entity concept. It states all transactiins are recognised as per the business and ownr because bith are seperate 

You are welcome..