pls help me,tnx
2007-06-15 22:12:57 · 4 answers · asked by jhoy f 1 in Education & Reference ➔ Higher Education (University +)
the exact explanation
2007-06-15 22:17:49 · update #1
drawing is the act of acquiring money through the act of either withdrawing from a bank account, or borrowing against a line of credit.. it creates an accounts payable, or reduces an account receivable
2007-06-15 22:19:46 · answer #1 · answered by mrxslim 3 · 0⤊ 0⤋
The concept of drawings applies to a sole-proprietorship or a partnership. When an owner (i.e. a sole-proprietor or a partner) takes money, say $100, out of the business, we say he has made drawings of $100. Drawings will reduce the owner's equity in the business. When he puts back the drawings, the owner's equity will increase accordingly.
In a corporation, directors are not allowed to just take money out of the company like this cos the company doesn't belong to them. If a director takes money out, it is called a director's loan and it must be sanctioned at board level.
2007-06-16 04:44:28 · answer #2 · answered by Sandy 7 · 0⤊ 0⤋
Well not everyone is drawn By Jehovah. There are some who get into Jehovah's organization without being drawn to Christ (compare Matthew 13:25 and 22:12). And Jehovah looks for what is in the heart (1 Samuel 16:7).
2016-03-19 03:32:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
get money from.
eg. drawing $100, take $100 for your own use and not for business.
2007-06-15 22:15:17 · answer #4 · answered by cOPYcAT 5 · 0⤊ 1⤋