Drawings made by a partner would be
...Drawings made by a partner would be
Credited to current account
Credited to appropriation account
Debited to appropriation account
Debited to current account
Correct answer is D
Drawing is the amount withdrawn or taken out of the business by partners during the year.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.
The chief accounting officer of a local government is the? ...
Departmentalization of accounts is useful because it shows the? ...
Which of the following is not the purpose of a control account? ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
Which of the following is not recorded in a partnership appropriation account? ...
A balance sheet shows only ...