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 3 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 4 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 11 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