drawing account

Related to drawing account: capital account

drawing account

n
(Banking & Finance) US an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income

draw′ing account`


n.
1. an account used esp. by a business partner for cash withdrawals.
2. an account that is charged with advances of money against future earnings, esp. sales commissions.
[1825–35]
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References in periodicals archive ?
Among documents relating to his affairs it includes ledgers showing his stock account and drawing account.
5) Even casual examination of Figure 1 indicates that the market value of VOC trade, hard money exports by the VOC, and the size of drawing account balances at the BA all saw dramatic increases following the financial crisis of 1672 until the mid-1720s--increases that were sustained until the decline of the VOC after 1780.
These findings suggest that increases in the size of the BA's drawing account balances did indeed have a positive effect on commercial activity.
The Granger-causality tests in Table 1 imply that placing drawing account balances first, money exports second, and either VOC voyages or trade third would move from the most statistically "exogenous" to the least.
8) By then adding either drawing account balances or VOC debt at the BA, I can examine whether Q is indeed the only determinant of investment, as the theory would suggest, or whether, as in FHP, the other financing variables come in strongly and lower the estimated coefficients on Q.
The chart of accounts differs only for the equity accounts where we find a drawing account and a capital account for each partner.
The standard procedure is to set up a drawing account for each partner This account is debited for any withdrawals during the year.
Bush has a drawing account with the major institutions of late capitalism in the West.
5 billion in the non-salary budget (NSB) for schools and placed the amount for each district in the Special Drawing Accounts (SDAs) of the District Education Authority's Chief Executive Officers (CEOs) accounts.
Islamic drawing accounts based on the principle of Wakala will help the banks and customers in a big way.
The solution has end to end support for all Islamic asset financing products which include Murabaha, Ijara, Muntaiah Bittamleek, Ijara Mawsufah Fi Zimmah, Istisna, Mudaraba and Musharaka financing , as well as Islamic drawing accounts and liability products that include Mudaraba, Wakala and Wadia and commodity Murabaha.
The report stated that the department failed to produce records of two special drawing accounts (SDA) for audit.