O-LevelAccountingAccounting procedures7707/11 · May/June 2015 · Q211 Mark

In the accounts of a partnership, where would interest on drawings appear?

Acapital accounts as a credit entry

Bcapital accounts as a debit entry

Ccurrent accounts as a credit entry

Dcurrent accounts as a debit entry

✓ Correct answer

D: current accounts as a debit entry

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2015 Paper 1 Variant 1, question 21.

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