01-10-2005, 04:41 AM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>Hi...drawings is a contra capital account...
even in my opinion there is no need of drawings account...<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
why do we have P&L/Income Summary/Retained Earnings accounts, after all they all go to capital account.
there must be a reason for it!!! think hard!!!
cheeeeeeeeeers
"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."
even in my opinion there is no need of drawings account...<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
why do we have P&L/Income Summary/Retained Earnings accounts, after all they all go to capital account.
there must be a reason for it!!! think hard!!!
cheeeeeeeeeers
"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."
