In the books of a partnership, what should interest on drawings be debited to? A. The appropriation
Question:
In the books of a partnership, what should interest on drawings be debited to?
A. The appropriation account
B. The bank account
C. The partners' current accounts
D. The partners' drawings accounts
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
C The partners current accounts Explanation Interest on dra...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
Find the centroid of the region bounded by the graphs of the inequalitiesyx2+93,y0,x4,x4
-
In the books of a partnership, what should the ledger entries for interest on drawings be? A. Debit: appropriation account Credit: partners' current accounts B. Debit: partners' current accounts...
-
The following errors are in the books of Mr. Hilal at end March 2017. The error committed is provided. Discuss the following for each of the below errors: a) The type of error committed; and b)...
-
MULTIPLE CHOICE: 6. The stage of production at which the individual jointproducts are identified is referred to as the: A. Split-off point B. Joint point C. Separate identification point D. Relative...
-
To what extent do microcultures play a role in consumer behavior outside of the U.S.?
-
When are analytical procedures required, and when are they optional?
-
What is your view of the following statement: X went bankrupt because its financial expenses amounted to 13% of its sales?
-
Refer to Happy Noodles in E7- 21A. Soo did franchise her restaurant concept. Because of Happy Noodles success, Value Noodles has come on the scene as a competitor. To maintain its market share, Happy...
-
Z # 7. What type of quadrilateral is this figure? 8. Find x, y, and angle z. x= y= Z= degrees
-
1. In each situation, what are the main financial planning issues that need to be addressed? 2. What additional information would you like to have before recommending actions in each situation? 3....
-
A company produces the following information concerning inventory turnover. If the Year 2 average inventory is double Year 1's and the cost of goods sold is increased to $960,000, what will the...
-
The following table shows information for a business at the year end. What is the payment period for trade payables, to the nearest day? A. 68 days B. 73 days C. 92 days D. 95 days. S00 Average...
-
Very large magnetic fields can be produced using a procedure called flux compression. A metallic cylindrical tube of radius R is placed coaxially in a long solenoid of somewhat larger radius. The...
-
L, single, is the chief of surgery at a local hospital. Duringthe year, L earned a salary of $120,000. L owns a four-unitapartment building that she rents out unfurnished. The currenttenants have...
-
1. Review the following resources before responding to the questions. A. https://www.innocenceproject.org/causes-wrongful-conviction./ Go to the link: Cases, click on any case, and read about what...
-
Describe the role of transcription factors in eukaryotic gene regulation and explain how chromatin remodeling impacts gene expression .
-
Give Brief description of Political Theory sociological example of political theory and explain does the example fits political theory
-
Apple Co. has outstanding stock amounts below: Shs Type 32,000 Preferred, noncumulative 120,000 Common Stock Par Value Percent 35 1% 15 Complete the following table showing Preferred dividends and...
-
In the following graph, each dot represents a particular country's initial level of real GDP per capita and its growth rate of real GDP per capita. a. For the range of initial GDP per capita from 0...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
Are you in favor of legislation enforcing network neutrality? Why or why not?
-
Should managers monitor employee e-mail and Internet usage? Why or why not?
-
Describe an effective e-mail and web use policy for a company.
-
Data Analytics at HydroHappy Excel DA9.1 Data visualization can be used to analyze trends in production levels. HydroHappy has developed a new marketing plan that looks very promising for increased...
-
Doug Davidson, majority stockholder and president of Davidson, Inc., is working with his top managers on future plans for the company. As the company's managerial accountant, you've been asked to...
-
Question 3 6 pts Miliea Industries uses a perpetual inventory system. On May 1, beginning inventory consists of 10 items at a cost of $10 each. On May 3, 10 items are purchased at $12 each. On May 8,...
Study smarter with the SolutionInn App