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drawing a/c

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(Querist)
27 May 2010 what is drawing a/c how it should be maintain in balance sheet
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 May 2010 DRAWINGS SHOULD BE REDUCED FROM CAPITAL A/C.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
27 May 2010 withdrawals from capital a/c
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Rahul Gupta

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Rahul Gupta (Expert)
28 May 2010 Agreed. It is shown as reduction from the capital account.

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