Why is owner's draw negative?

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Why is owner's draw negative?

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anonymous · Answer 1

The owner's drawing account in a sole proprietorship will have a debit balance. Hence, if it is reported as a separate line, it is reported as a negative amount since the owner's equity section of the balance sheet normally has credit balances.

Why is owner's draw negative?

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Why is owner's draw negative?

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1 Answer

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