PROPRIETORS DRAW Definition

Bookmark and Share

PROPRIETORS DRAW is when a business proprietor draws money for personal needs, but is taxed on business results (at individuals' marginal rate) regardless of drawings.

Learn new Accounting Terms

FRCN see FLOATING RATE CONVERTIBLE NOTE.

JOINT PAYEE ENDORSEMENT, normally, when a bank draft is made out to two parties both parties are required to endorse the back of the bank draft before it will be honored by the bank.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.