drawing account

Definition

An account used to track withdrawals, such as withdrawals from a partnership or proprietorship by a partner or owner.

Use drawing account in a sentence

To account for all the disbursements that were being made, they decided to run all of them through a drawing account.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

After careful review of the drawing account, there appear to be many items called into quesion, and a full audit may be necessary.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Jean knew that the drawing account was not adding up and that her business partner, Kelly, might be taking out business funds for personal use.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
drawer drawn securities