The drawings account of a sole proprietorship is transferred to the

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
Correct Answer: Option A
Explanation
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