Drawing Account

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Dictionary Says

Definition of 'Drawing Account'

An accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships. Owner withdrawals from businesses that are taxed as separate entities must generally be accounted for as either compensation or dividends.
Investopedia Says

Investopedia explains 'Drawing Account'

A drawing account is helpful to business owners in tracking their businesses separately from their personal finances. It is particularly relevant in partnerships, where partners may wish to monitor withdrawals to ensure that a partner is not taking too much money out of the business. A drawing account is closed to the owners' equity account each year, and is not recorded as a business expense. 
Search results for

'Drawing Account'

  • Natural Gas Drilling Frenzy Drawing To A Close

    http://stocks.investopedia.com/stock-analysis/2011/Natural-Gas-Drilling-Frenzy-Drawing-To-A-Close-XCO-HK-ECA-CNX0223.aspx
    ... Article; Comments (0). Natural Gas Drilling Frenzy Drawing To
    A Close. Posted: Feb 23, 2011 09:21 AM by Eric Fox. ...

  • Autodesk Still At The Drawing Board

    http://stocks.investopedia.com/stock-analysis/2011/Autodesk-Still-At-The-Drawing-Board-ADSK-DASTY-PMTC-ADBE-AVID-ANSS-CDNS0525.aspx
    ... Article; Comments (0). Autodesk Still At The Drawing Board. Posted:
    May 25, 2011 11:08 AM by Stephen D. Simpson, CFA. ...

  • Understanding Capital And Financial Accounts In The Balance Of ...

    http://www.investopedia.com/articles/03/070203.asp
    ... Detailed in the financial account are government-owned assets ((ie, special drawing
    rights at the International Monetary Fund (IMF) or foreign reserves ...

  • What Is A Registered Investment Advisor?

    http://www.investopedia.com/articles/financialcareers/06/whatisaRIA.asp
    ... Or the client may be drawing down on an account using a combination of interest
    income and outflows and need the assistance of a professional to map the ...

  • What Is The Balance Of Payments?

    http://www.investopedia.com/articles/03/060403.asp
    ... owned assets such as foreign reserves, gold, special drawing rights (SDRs ... owned by
    foreigners, private and official, are also recorded in the financial account. ...

  • What Is The Bank For International Settlements?

    http://www.investopedia.com/articles/03/120903.asp
    ... There are currently 55 member central banks. The BIS's unit of account is the IMF's
    special drawing rights, which are a basket of convertible currencies. ...

  • Beginner's Guide To MetaTrader 4: Basic Navigation | Investopedia

    http://www.investopedia.com/university/meta-trader-guide-intro2.asp
    ... The "Account History" tab, on the other hand, lists all of the activity that ... Drawing
    Tools Traders can use a variety of drawing tools to enhance their market ...

  • Certificates Of Deposit: The Basic Model | Investopedia

    http://www.investopedia.com/university/certificate-of-deposit-cd/cd2.asp
    ... Penalty fees usually keep investors from withdrawing money from the account before
    the ... Penalty fees compensate the bank for drawing from other funds to pay the ...

  • 401(k) Debit Cards: Taking A Swipe At Your Retirement Savings

    http://www.investopedia.com/articles/retirement/08/401k-debit-card-loan.asp
    ... Because your loan funds are deposited into a money market account instead of sent
    to you ... own discretion, you don't need to state a reason for drawing down your ...

  • An Overview Of Annuities

    http://www.investopedia.com/articles/retirement/05/063005.asp
    ... be), the expected future inflation-adjusted returns from the account's assets and ...
    potential further appreciation of your assets while still drawing an income ...

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