Why are drawings taken out by the owner not treated like employees' wages, which are shown as

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Why are drawings taken out by the owner not treated like employees' wages, which are shown as expenses in the income statement?

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Accounting A Smart Approach

ISBN: 9780199587414

1st Edition

Authors: Mary Carey, Jane Towers Clark, Cathy Knowles

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Question Posted: May 14, 2024 05:00 AM

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Why are drawings taken out by the owner not treated like employees' wages, which are shown as

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Drawings taken out by the owner of a business are not treated like employees wages for several reaso...View the full answer

Accounting A Smart Approach

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