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1.Where Debited |
It is debited to Drawings Account. |
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2. Part |
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It does not reduce capital. |
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4.Interest on Drawings |
It is considerd for calculating interest on drawings. |
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5.Interest on Capital |
It is not considerd for calculating interest on capital. |
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-Answered by nisha sheikh On 06 October 2020:12:51:21 PM