The drawings account of a sole proprietorship is transferred to the

Accounts - Principles of Accounts WAEC 1989

The drawings account of a sole proprietorship is transferred to the

  • capital account checkmark
  • debit side of the trading account
  • credit side of the prfit and loss account
  • current liabilities in the balance sheet
  • current assets in the balance sheet

The correct answer is: A

Explanation

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