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The drawings account of a sole proprietorship is transferred to the

Accounts - Principles of Accounts
WAEC 1989
The drawings account of a sole proprietorship is transferred to the
  • A. capital account
  • B. debit side of the trading account
  • C. credit side of the prfit and loss account
  • D. current liabilities in the balance sheet
  • E. current assets in the balance sheet
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Correct Answer: Option A
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