Which of the following entries classes the owner’s drawing account ant the end of the...

FINANCIAL
POST UTME OAU

Which of the following entries classes the owner’s drawing account ant the end of the period?

  • A) A) Debit the drawing account, credit the owner's capital account
  • B) Debit the income summary account credit the drawing account
  • C) Debit the drawing account credit income summary accounting
  • D) Debit the owner

Correct Answer: D) Debit the owner

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