Interest on a partner's drawings is debited to the
Interest on a partner's drawings is debited to the
Partners current account and credited to the profit and loss appropriation account
Profit and loss appropriation account and credited to the partner's current account
Profit and loss account and credited to the partner's current account
Partner's current account and credited to the profit and loss account
Correct answer is A
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques rece...