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What are Drawings?

34. What are Drawings?

1. Accounting method used to allocate the cost of a tangible or physical asset over its useful life or life expectancy.
2. The amount of cash that a business disburses.
3. An increase in the value of an asset over time.
4. Money that is taken from the business account for personal use.

Answer: D) Money that is taken from the business account for personal use

Explanation:

Drawing in accounts is the record kept by a business owner or accountant that shows how much money has been withdrawn by business owners.