by hasher on March 26th, 2008

Question

Help answer this question below.

Is a drawing account a permanent account

Like
Report

Share:: Facebook; Twitter; Other

Answers. 1 helpful answer below.

by ImNotAnonymous-COAT of Maestro-ness on April 5th, 2008
No. You close it at the end of every month along with expenses. In my accounting class I learned this for what accounts to close:
REID
R=Revenue
E=Expenses
I=Income Summary
D=Drawing
Comments
Add a comment...
- Like
- Report
No comments. Post one | Permalink

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

What is a school district tax rate?
by Answerbag Staff on February 23rd, 2011 | 1 person likes this
Is vat payable on second hand cars?
by Answerbag Staff on August 11th, 2010 | 1 person likes this
Is there VAT on rail fares?
by Answerbag Staff on August 17th, 2010 | 1 person likes this
Opinions on a cost accounting assignment???
by buzz8490 on October 26th, 2011 | 1 person likes this
Does Accrual-based Accounting support German GAAP?
by pamela.ettien on November 28th, 2011 | 1 person likes this
More Accounting in General See only professionally researched Accounting in General questions

You're reading Is a drawing account a permanent account

Follow us on Facebook!

Related Ads

Professionally Researched

ANSWERBAG BUZZ

How to close drawing account

What is a drawing account

Drawing account

How to close drawings account

Close drawings account

About Us

About Answerbag

Sitemap

Professionally Researched Questions

Legal

Privacy Policy

Terms of Use

Disclaimer

Ad Choices
Follow Us on Facebook

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Latest Tweet

What is a movie that was ignored you thought great? http://t.co/FsBFmVd7

Follow Answerbag on Twitter!

Answerbag

Question

Is a drawing account a permanent account

Answers. 1 helpful answer below.

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

Drawing account is part of equity or current assets?

What type of an account is an accumulated depreciation?

What is the normal balance of a liability account?

What is a payroll-clearing account?

The transaction would increase an asset account and increase a liability account

Professionally Researched

What type of an account is an accumulated depreciation?

What is the normal balance of a liability account?

What is a payroll-clearing account?

What is a PlayStation Underground account?

How many yearly transfers can I have from my PayPal account to my checking account?

ANSWERBAG BUZZ

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Question

Is a drawing account a permanent account

Answers. 1 helpful answer below.

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Answerbag.com Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!