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  5. Accounts - principles of accounts
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  7. 1989
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  9. Q12
Question 12

The drawings account of a sole proprietorship is transferred to the

  • A.capital account
  • B.debit side of the trading account
  • C.credit side of the prfit and loss account
  • D.current liabilities in the balance sheet
  • E.current assets in the balance sheet
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1989
Question no.
#12
Type
Objective
Previous · Q11Which of the following would be posted to the proprietor's capital account? Next · Q13 A business marked up its cost by 50%. This would mean a gross profit of

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