Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 10 - No. 28)

What does the term "drawings" represent in accounting?

Money the owner invests in the business.

Money the business owes to the owner.

Money the owner takes from the business for personal use.

Money the business earns from customers.

Drawings are the owner's withdrawals of assets from the business for personal use.