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Does owners draw have negative numbers? - Answers
Yes, an owner's draw can have negative numbers. This occurs when the total amount withdrawn by the owner exceeds the equity in the business, leading to a situation where the owner's draw reflects a negative balance. This typically indicates that the business has been overdrawn, which can affect the owner's equity and may need to be addressed in the financial statements.
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Does owners draw have negative numbers? - Answers
Yes, an owner's draw can have negative numbers. This occurs when the total amount withdrawn by the owner exceeds the equity in the business, leading to a situation where the owner's draw reflects a negative balance. This typically indicates that the business has been overdrawn, which can affect the owner's equity and may need to be addressed in the financial statements.
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Does owners draw have negative numbers? - Answers
Yes, an owner's draw can have negative numbers. This occurs when the total amount withdrawn by the owner exceeds the equity in the business, leading to a situation where the owner's draw reflects a negative balance. This typically indicates that the business has been overdrawn, which can affect the owner's equity and may need to be addressed in the financial statements.
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