NECO Accounting 2022 Objective — Question 31
Question 31 of 50 from the National Examinations Council (NECO) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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Drawings made by a partner would be
- A. credited to current account
- B. debited to current accountCorrect
- C. credited to appropriation account
- D. debited to appropriation account
Explanation
Drawings and interest on drawings are recorded on the debit side of a partner's current account.
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