In the books of a partnership, what should the ledger entries for interest on drawings be? A.

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In the books of a partnership, what should the ledger entries for interest on drawings be?

A. Debit: appropriation account Credit: partners' current accounts

B. Debit: partners' current accounts Credit: appropriation account

C. Debit: partners' current accounts Credit: partners' drawings accounts

D. Debit: partners' current accounts Credit: partners' current accounts

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

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Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:41 AM

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In the books of a partnership, what should the ledger entries for interest on drawings be? A.

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B Debit partners current accounts Credit appropriation account In the books of a partnership the ...View the full answer

Accounting For Cambridge International AS And A Level

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