The balance in the owner's Capital account is closed to the owner's Drawing account.

Name: The balance in the owner's Capital account is closed to the owner's Drawing account.
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The balance in the owner's Capital account is not closed to the owner's Drawing account. Instead, the owner's Drawing account balance is closed to the owner's Capital account, typically at the end of the accounting period, to reflect withdrawals from the business by the owner.

The Balance in the Owner's Capital Account Is Closed to the Owner's