If the enterprise is a sole proprietorship, the owner’s compensation should be debited to the Drawing account.
If the enterprise is a corporation, the owner’s gross compensation should be debited to a salary expense account.
If the enterprise is a sole proprietorship, the owner’s compensation should be debited to the Drawing account.
If the enterprise is a corporation, the owner’s gross compensation should be debited to a salary expense account.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 3,031 reviewsFeatures
PRO
PRO Plus
Read 3,031 Testimonials