Pls explain this drawing account given in the image
Sibi Srinivasan
CA Final
★ 22K+
07-Aug-21 11:54
465
Answers (3)
It's nothing but the entries of profit & loss appropriation a/c & capital accounts
Just check the two accounts (p&l appropriation & partners capital accounts)
phanindra raj
CA Final
★ 9K+
07-Aug-21 12:12
The drawings account is just given to basically inform you about the some amounts given to partners , it is not required to be drawn in exam
