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August 31, 2014

Homework Help: Accounting

Posted by Ed on Tuesday, April 27, 2010 at 8:47pm.

If the owner of a business invests personal funds into the business, will it be a credit to his drawings?

For example,if the owner had drawings of $5000 and then he invested $2000 of his personal funds into the business, would the drawings account then be $3000?

Thanks.

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