What does the term "members draw" mean on a balance sheet?

Google doesn't seem to have anything on this.
I looked at a balance sheet that has members draw as a entry under equity. The proprietor tell me that it means additional money she has paid into the company. If so, it seems to be phrased poorly, as draw implied money taken out; doesn't it?
Reply to
Troubled
A sole properietor's balance sheet would have three equity accounts: the initial equity, the owner's draw and the net profit. The owner's draw represents the amount of distributions OUT of the owner's equity.
Reply to
Alan

Site Timeline Threads

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.