best answer > What is an owner's draw 2024?- QuesHub | Better Than Quora
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  • Charlotte Young——Studied at the University of Melbourne, Lives in Melbourne, Australia.

    Owner's draws are withdrawals of a sole proprietorship's cash or other assets for the personal use of the owner. ... The owner's draws are not reported as expenses on the income statement of the sole proprietorship. Rather, the owner's draws are considered to be a direct reduction of the owner's capital and owner's equity.read more >>
    +119962023-06-19 21:05:15

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