Interest on a partner's drawings is debited to the
BIOLOGY
JAMB 1995
Interest on a partner's drawings is debited to the
- A. Partners current account and credited to the profit and loss appropriation account
- B. profit and loss appropriation account and credited to the partner's current account
- C. profit and loss account and credited to the partner's current account
- D. Partner's current account and credited to the profit and loss account
Correct Answer: A. Partners current account and credited to the profit and loss appropriation account
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