Withdrawals account is used to accumulate the amount of assets the owner takes out of the business for personal use. The amount in this account decreases the amount the business owes the owner. Another Question Go to Table of Contents 1c. Any owner investments are recorded in this account. Another Question Go to Table of Contents 2a.
Revenue is what the business earns for doing what it is in business to do.
For example, what a window cleaning business charges for cleaning windows is revenue to the business. Another Question Go to Table of Contents 2b. Expenses eventually decrease what the business owes the owner. Another Question Go to Table of Contents 2c. Withdrawals account is used to accumulate the amount of assets the owner takes out of the business for personal use.