Learn
Practice
Download App
News
FAQs
Help
German (DE)
English (EN)
Spanish (ES)
French (FR)
Yoruba (NG)
Igbo (NG)
Hausa (NG)
Dutch (NL)
Portuguese (PT)
Swahili (TZ)
In a partnership account, interest on drawings is
Question 1
Report
In a partnership account, interest on drawings is
debited to appropriation account
credited to appropiation account
treated as an expense in profit and loss account
recorded in the balance sheet as current assets
Answer Details
Read lesson note on Partnership Accounts (WAEC)
Partnership Accounts
View Answer