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Partnership

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2012 drawing is debited in partners capital account ........plz tell the second effect of drawing as per double entry system .....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2012 Drawings is debit balance is adjusted with Capital is credit balance.

Drawing is some outgoing of cash or non case items from the business to partner`s personal. so second effect will be reduction of such items

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