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Is the drawing account a capital account?

Accounting Capital Projects Accounting and Finance
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Question added by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co
Date Posted: 2017/09/01
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Hazim Hassan, CMA, CIFR
by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co

an owner's drawing account is a capital account. However, the drawing account is expected to have a debit balance, whereas the owner's main capital account is expected to have a credit balance.

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