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Interest on partners drawings are debited in the  

Accounts - Principles of Accounts
WAEC 2017

Interest on partners drawings are debited in the
 

  • 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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