Interest on partners drawings are debited in the

Accounts - Principles of Accounts

WAEC 2017

A. partners current accounts and credited to the appropriation account
B. drawings account and credited to the profit and loss account
C. profit and loss account and credited to the partners current account
D. profit and loss account and credited to the partners' drawings account

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Correct Answer: Option A

Explanation

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Interest on partners drawings are debited in the

Correct Answer: Option A

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