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Answer Posted / prashant gautam
drawings are the amount taken by the parteners for personal
use from the firm account. that will be less from the
capial of patners. the inerest charged by firm on amount
taken by the partners for personal use is called interest
on drawings. which is a profit so it will be deposit in
firm account
| Is This Answer Correct ? | 36 Yes | 9 No |
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