Drawings made by a partner would be
...Drawings made by a partner would be
Credited to current account
Credited to appropriation account
Debited to appropriation account
Debited to current account
Correct answer is D
Drawing is the amount withdrawn or taken out of the business by partners during the year. The drawings can be in cash or kind. it is debited to the current account.
In dealing with incomplete records, fixed assets are posted to? ...
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Partner's interest on capital is shown in the ...
Which of the following is not an external user of accounting information? ...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...