What accounts are affected if you withdrew cash from the business for personal use?

1 answer

Answer

1269548

2026-04-03 00:15

+ Follow

If the withdrawer is not the owner of the business, it would be classed as a loan.

If the owner of the business was withdrawing the money, it is classed as drawings.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.