The owner's drawing account is a permanent account whose balance is carried forward to the next accounting period.

Name: The owner's drawing account is a permanent account whose balance is carried forward to the next accounting period.
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The owner's drawing account is a temporary account whose balance is closed at the end of the accounting period and transferred to the owner's equity account. It does not have a balance that is carried forward to the next period.

The Owner's Drawing Account Is a Permanent Account Whose Balance