- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Are the transferring Entries for Profit and Drawings as follows:
Profit: Income Statement Dr
Capital Cr
Drawings: Capital Dr
Drawings Cr
And does drawings and Income Statement Ledger A/c. appears in the General Legder??Waiting for your response..
Sorry – but you are going to have to watch my free lectures, because this is all explained (with examples) in the lectures, and I cannot type them all out here 🙂
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘Profit and Drawings’ is closed to new replies.