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Dr. current account /Owner
Cr. cerdit sales
DRAWINGS A/C Dr
TO PURCHAGES A/C
(BEEING GOODS PURCHAESD )
Drawing A/c... Dr
To Purchase A/c
or
Drawings A/c....Dr
To Closing Stock
Both Net Effect is Same , but most Aprpropriate entry is first.
Drawings A/C Dr.
To Closing Stock.
Profit and Loss A/C Dr.
To Drawings
Drawing or stock drawing a/c or owners current a/c DR.
TO trading a/c
DR Owners current account
CR stock