In a partnership account, interest on drawings is
A debited to appropriation account
B credited to appropiation account
C treated as an expense in profit and loss account
D recorded in the balance sheet as current assets
Answer is B
Tutors, Past Questions and Projects.
In a partnership account, interest on drawings is
A debited to appropriation account
B credited to appropiation account
C treated as an expense in profit and loss account
D recorded in the balance sheet as current assets
Answer is B