Accounting

posted by .

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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    why can the owner of a business withdraw assets from that business for personal use?
  2. question

    why can the owner of a business withdraw assets from that business for personal use?
  3. Business

    Assume the role of a small business owner. You have little funds to put into insurance and protection for your company. You have to decide where your extra funds will be stretched. Is it more important for you as a business owner to …
  4. Accounting

    When the owner of a company invests his personal funds into the business, would it be entered as a credit to his drawings in the Ledger or would it be entered in a new column under the company's revenue?
  5. Accounting

    If the owner of a company invests personal funds into his company, where does that fit into the balance sheet. I know the cash will increase, but I don't know how it put it in the equity section. For example, If Greg Jones invests …
  6. Accounting

    If the owner of a company invests personal funds into his company, where does that fit into the balance sheet. I know the cash will increase, but I don't know how it put it in the equity section. For example, If Greg Jones invests …
  7. Accounting

    If the owner of a company invests personal funds into his company, where does that fit into the balance sheet. I know the cash will increase, but I don't know how it put it in the equity section. For example, If Greg Jones invests …
  8. Accounting

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

    Assets and Liabilities. 1. The owner invested 36000 in cash to begin the business 2. paid 9,180 in cash for the purchase of equipment 3. purchased additional equipment for 5600 4. paid 4500 in cash to creditors 5. the owners made an …
  10. Personal finance

    Investing in which of the following funds will give you the least diversification. A. Growth Funds B. Capital appreciation funds c. Equity income funds d. sector funds

More Similar Questions