Drawing is an accounting term that refers to the amount of money an owner of a business takes out of the company for personal use.
When the owner withdraws money from the business, it is recorded as a debit entry in the owner's current account, which represents the amount owed to the owner. Therefore, ("debit side of the current account") is a correct answer.
However, the drawing is not recorded on the profit and loss account, which is used to calculate the net profit or loss of the business during a particular period. Therefore, options 1 ("debit side of the profit and loss account") and 2 ("credit side of the profit and loss account") are incorrect.
Similarly, drawing is not recorded on the credit side of the appropriation account, which is used to show how the net profit of the business is appropriated or distributed among the owners or shareholders. Therefore, ("credit side of the appropriation account") is also incorrect.
Finally, drawing is not recorded on the debit side of the appropriation account, as the debit side is used to show any expenses or losses that need to be deducted from the net profit before appropriation. Therefore, ("debit side of the appropriation account") is also incorrect.