drawing account


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.

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

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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.

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