7. Drawings:
Drawings refer to cash, goods or any other asset withdrawn (i.e., taken away) by the proprietor from his business for his personal or domestic use. It also includes the personal or domestic expenses of the proprietor paid by the business (i.e., paid out of business money).
Drawings refer to cash, goods or any other asset withdrawn (i.e., taken away) by the proprietor from his business for his personal or domestic use. It also includes the personal or domestic expenses of the proprietor paid by the business (i.e., paid out of business money).
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