Categories: Accounting WAEC

Drawings made by a partner would be?

A. credited to current account
B. credited to appropriation account
C. debited to appropriation account
D. debited to current account

Correct Answer:

Option D – debited to current account

Explanation

Drawing is the amount withdrawn or taken out of the business by partners during the year.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.

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