A

Admin • 833K Points
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Q. The balance of Drawings A/c is transferred to:

  • (A) Trading A/c
  • (B) Capital A/c
  • (C) Profit & Loss A/c
  • (D) Cash A/c
  • Correct Answer - Option(B)
  • Views: 21
  • Filed under category Accounting
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Explanation by: Admin

Drawings are deducted from the Capital A/c in the balance sheet.

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