Mastery card
I can explain Drawings
Money or goods the owner takes out of the business for personal use.
Drawings are withdrawals of cash or other assets by the owner (in proprietorships/partnerships) that reduce capital/equity and are not business expenses.
Sticky trick
Record drawings promptly; they are capital reductions, not COGS.
Take into the room
In plain English, what is Drawings?
Or open the share card 👋
Or start your own 5-word trail from home.