Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Which list shows the entries that ought to be credited to a partner’s current account?

  • Ainterest on partner’s loan, partner’s salary, share of profits
  • Binterest on drawings, negative opening balance, share of loss
  • Cinterest on drawings, positive opening balance, share of loss
  • Dinterest on partner’s capital, interest on drawings, share of profits

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