Explain the difference between each of the following ledger accounts in the books of a partnership: 1.
Question:
1. Capital account;
3. Current account;
3. Drawings account.
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In the financial statements of sole traders there is a capital account and usually a drawings accoun...View the full answer
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Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
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