Drawings A/C

[Shahid_fss]

Ok I will use entries that are already explained by Mr. Maani

A firm's owner with capital of 1000 draws 200

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1- In case of drawings a/c

Drawings....dr 200
Cash.........cr 200

now drawings account has a balance of Rs 1000
After deducting the same amount from capital; 1000-200 = 800

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2- In case of no drawings a/c

Capital.....dr 200
Cash..........cr 200

Decrease in capital is always debited. Here Capital account is dedited which means it is reduced by 200 and the amount balance left is Rs 800
Answer is same without having a drawings a/c
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I think discussion has entered into a very interesting point so other member should decide what is right. Where is Mr. Maani he can explaine his saying (even in my opinion there is no need of drawings account) more better.
Is my anylises right guys or not??



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