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Owners Draw in Chart Of Accounts

Posted by SteveHayton 
Owners Draw in Chart Of Accounts
September 12, 2015 10:51PM
What is the account called (Owners Draw) in Chart of Accounts? When would it be used? and What would it be used for?
Re: Owners Draw in Chart Of Accounts
September 14, 2015 02:37PM
Owner's draw is used when you the owner takes money out of the company/bank account. This is one way of recording it.
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