Question

The drawing of the partner are transferred to which account

Answer 1

Answer:

The drawings of partners are transferred to partner's capital account. The partnership capital account is an equity account in a partnership's accounting records.

Explanation:

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Answer 2

Hey Mate !

Partner's capital account

The drawings of partners are transferred to partner's capital account. The partnership capital account is an equity account in a partnership's accounting records. A partnership can hold a single partner capital account for all partners, with a supporting schedule breaking down each partner's capital account.

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