Question

7) Interest on drawings is:
A) Debited to partner's current a/c
B) Credited to partner's current alc
C) Not shown in current account. ​

Answer 1

Answer:

The answer is :

c).Not shown in current  A/C

Explanation:

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Answer 2

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interest on drawing is ✓ debited to partner's current account ( because of separate legal identify [accounting principle ] and according to that principle business and partners both are different .

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