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How are drawings treated in partnership accounting? Only partners' drawings should appear in the Appropriation Account. Partners' drawings should be debited to partners' current account.
How are drawings treated in partnership accounting? Only partners' drawings should appear in the Appropriation Account. Partners' drawings should be debited to partners' current account. Only the interest charged on drawings appear in the Appropriation Account. Partners' drawings should be debited to a drawings account. Interest charged on drawings should be deducted from Gross Profits. Partners' drawings and the interest charged should appear in the Appropriation Account
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