Accounting Multiple Choice Question – 2 November 2021

Interest charged on a Partner’s Drawings account should be?

Select ONE answer:

1. debited to the Profit and Loss Account
2. credited to the Profit and Loss Account.
3. debited to the Appropriation Account.
4. credited to the Appropriation Account.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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