I am confused with Capital Account and Drawings Account.
Please show me "the general Journal Entries" and "Owner's
Equity in Balance Sheet".
(1) The owner increased his investment in the company by
$10,000.
(2) The owner increased his investment in the company by
$10,000.
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Answer Posted / rajkumar
capital account is opened for businessman who invests money
in business. capital account in business money invested for
this purpose capital account is opened and drawings account
is related capital account .in business money is withdrawn
by businessman for his personnal use
| Is This Answer Correct ? | 29 Yes | 7 No |
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