Interest on a partner's drawings is debited to the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- 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: Option A
Explanation:
Share question on: