The balance in the owner's drawings account after all closing entries have been posted will be equal to
A) zero.
B) the profit (or loss) for the period.
C) the cash withdrawn by the owner during the period.
D) the balance in the Owner's Capital account.

Question

Quizplus · Accepted Answer

The owner's drawings account is closed to the owner's capital account at the end of the accounting period, resulting in a zero balance.

The Balance in the Owner's Drawings Account After All Closing