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Question
Match the following items:
| (i) | Drawing against profits | (a) | Debited to partner's capital account |
| (ii) | Drawing against capital | (b) | Credited to partner's capital account |
| (c) | Debited to drawing account | ||
| (d) | Credited to drawing account |
Match the Columns
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Solution
| (i) | Drawing against profits | (c) | Debited to drawing account |
| (ii) | Drawing against capital | (a) | Debited to partner's capital account |
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