In this article, we see what drawings imply, a brief explanation of debit and credit, whether drawings are debit or credit, and their journal entries. When a financial transaction occurs, it affects at least two accounts. For example, purchase of machinery for cash is a financial transaction that increases machinery and decreases...

ContentWays to Fully Utilize Bookkeeping in EcommerceWhat is E-commerce Bookkeeping?How is ecommerce accounting different than traditional accounting?business day email response timeThe Gen Z Effect: Redefining Social Commerce in the Era of “Digital Natives”Planning for growth The online world will always debate the role of ecommerce accountants; some believe traditional accountants...