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  5. Drawings made by a p...

Drawings made by a partner would be

Accounts - Principles of Accounts
WAEC 2022

Drawings made by a partner would be

  • A. credited to current account
  • B. credited to appropriation account
  • C. debited to appropriation account
  • D. debited to current account
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Correct Answer: Option D
Explanation

Drawing is the amount withdrawn or taken out of the business by partners during the year. The drawings can be in cash or kind. it is debited to the current account.

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