Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

In the accounting records of a partnership business, where is interest on drawings recorded?

  • AAppropriation account: debit; Partner's capital account: no entry; Partner's current account: credit
  • BAppropriation account: credit; Partner's capital account: no entry; Partner's current account: debit
  • CAppropriation account: debit; Partner's capital account: credit; Partner's current account: no entry
  • DAppropriation account: credit; Partner's capital account: debit; Partner's current account: no entry

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