The drawings account of a sole proprietorship is transfer...
The drawings account of a sole proprietorship is transferred to the
Capital account
Debit side of the trading account
Credit side of the profit and loss account
Current liabilities in the balance sheet
current assets in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question \(\begin{array}{c|c} \text{Opening s...
\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/9...
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