Accounting WAEC

Which of the following is debited to the partner’s current account?

A. capital
B. interest on capital
C. drawings
D. share of profit

Correct Answer: Option C

C. drawings

Sunday

Next Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000. Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu »

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6 years ago

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