The drawing account is debited in the closing entry.

Name: The drawing account is debited in the closing entry.
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The drawing account is not debited in the closing entry; instead, it is debited throughout the year when the owner withdraws assets from the business for personal use. At the end of the accounting period, the drawing account balance is closed to the owner's capital account, which involves crediting the drawing account and debiting the owner's capital account.

The Drawing Account Is Debited in the Closing Entry