Multiple Choice Questions on How would you close the Partner rsquo s Drawing Account ........ for Commerce 12th Preparation

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Multiple Choice Questions

How would you close the Partner rsquo s Drawing Account ........

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    How would you close the Partner’s Drawing Account:

    By transfer to Capital or Current Account Debit Side.

    Correct Answer

    By transfer to Capital Account Credit Side.

    Incorrect Answer

    By transfer to Current Account Credit Side.

    Incorrect Answer

    Either ‘B‘ or ‘C’.

    Incorrect Answer
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    Explanation:

    By transfer to Capital or Current Account Debit Side.

    By: santosh
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