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WAEC Financial Accounting 2022 Question 31

Question 31

Partnership Accounts

Drawings made by a partner would be

  1. A.credited to current account
  2. B.debited to current account
  3. C.credited to appropriation account
  4. D.debited to appropriation account
Show the answer and explanation

Answer: B (debited to current account)

Explanation

Drawings reduce what the firm owes the partner, so they are debited to his current account.