Drawings A/C

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Drawings A/C

maani
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01-11-2005, 06:00 AM

Hi Azeem Khan,
"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!!!"

When we introduce capital in business we simply adds it to the existing capital...without opening an "introduction account"...then y we need a drawing account when we take back some amount from capital...?
I think its not necessary to open a drawings account...

Ace

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Drawings A/C - by Shahid_fss - 01-09-2005, 03:19 AM

[No subject] - by Azeem Shah Khan - 01-09-2005, 04:12 AM

[No subject] - by maani - 01-09-2005, 10:59 PM

[No subject] - by Mr. Whappaaaa - 01-09-2005, 11:24 PM

[No subject] - by Apocalypse - 01-10-2005, 03:59 AM

[No subject] - by Azeem Shah Khan - 01-10-2005, 04:41 AM

[No subject] - by maani - 01-11-2005, 06:00 AM

[No subject] - by Bluewednesday - 01-11-2005, 07:38 PM

[No subject] - by Shahid_fss - 01-12-2005, 12:57 AM

[No subject] - by Shahid_fss - 01-12-2005, 01:07 AM

[No subject] - by Bluewednesday - 01-12-2005, 02:29 AM

[No subject] - by Shahid_fss - 01-12-2005, 04:10 AM

[No subject] - by Bluewednesday - 01-12-2005, 06:53 AM

[No subject] - by maani - 01-13-2005, 07:30 PM

[No subject] - by Bluewednesday - 01-13-2005, 07:51 PM