In a Statement of financial position the drawings by the proprietor should be shown: (a) As an
Question:
In a Statement of financial position the ‘drawings’ by the proprietor should be shown:
(a) As an addition to the Capital account balance
(b) As a deduction from the Capital account balance
(c) Along with Trade receivable balances
(d) Along with Trade payable balances
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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