O-LevelAccountingSources and recording of data7707/12 · May/June 2012 · Q241 Mark

Amina and Sabena are in partnership. How is interest on drawings recorded in the ledger?

Acredit capital account

Bcredit current account

Cdebit capital account

Ddebit current account

✓ Correct answer

D: debit current account

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 24.

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