Home » Past Questions » Accounts » The drawings account of a sole proprietorship is transferred to the

The drawings account of a sole proprietorship is transferred to the


Question

The drawings account of a sole proprietorship is transferred to the

Options

A) capital account

B) debit side of the trading account

C) credit side of the prfit and loss account

D) current liabilities in the balance sheet

E) current assets in the balance sheet

The correct answer is A.


More Past Questions:


Discussion