When a partner makes a drawing of stock items from a partnership, the accounting impact…

Accounts - Principles of Accounts JAMB 1999

When a partner makes a drawing of stock items from a partnership, the accounting impact of the drawing is to increase the partner’s?

  • goodwill account balance
  • current account credit balance
  • current account debit balance checkmark
  • profit and loss credit balance

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment