CA Foundation Exam  >  CA Foundation Questions  >  Drawings always adjusted with the capital of ... Start Learning for Free
Drawings always adjusted with the capital of a business entity.
is this statement right ?
answer me first of all in yes or no .
please don't give any furthering about it.?
Most Upvoted Answer
Drawings always adjusted with the capital of a business entity. is thi...
Answer:

Explanation:
- Drawings are withdrawals of assets by the owner of a business for personal use and are not considered as business expenses or salaries.
- Drawings are recorded in the owner's equity section of the balance sheet and decrease the owner's equity in the business.
- Adjustments to drawings are made to ensure that the amount withdrawn by the owner is accurately reflected in the financial statements.
- The capital of a business entity represents the owner's investment in the business.
- Any adjustments to drawings will impact the owner's equity in the business, which is directly linked to the capital of the business entity.
- Therefore, drawings are always adjusted with the capital of a business entity to maintain accurate financial reporting and reflect the true financial position of the business.
Explore Courses for CA Foundation exam
Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.?
Question Description
Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.?.
Solutions for Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? defined & explained in the simplest way possible. Besides giving the explanation of Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.?, a detailed solution for Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? has been provided alongside types of Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? theory, EduRev gives you an ample number of questions to practice Drawings always adjusted with the capital of a business entity. is this statement right ?answer me first of all in yes or no .please don't give any furthering about it.? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev