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A Personal account is a General ledger account connected to all persons like individuals, firms and associations. Since drawing made by the owner relates to an individual it falls under the personal account category. Drawing Account is a contra owner's equity account used to record the withdrawals of cash or other assets made by an owner from the company for its personal use during a financial year. It is temporary in nature and it is closed by transferring the balance to an owner's equity account at the end of the financial year resulting in a reduction in the capital of the owner at the end of the year.
His courageous actions saved many lives.
A person interested in collecting, studying and selling of old things .
Choose the word with the correct spelling:
In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.
Choose the word opposite in meaning to the given word.
Verbose
Annihilate
DEMEAN
Choose the one which best expresses the meaning of the given word .
Clandestine
Select the most appropriate ANTONYM of the highlighted word.
They drank some spurious drink and fainted.
Mendicant
