Q357
_____ will generally show a debit balance
A.
Bank loan
B.
Bad debts recovered
C.
Drawings
AnswerD.
Salary payable
Answer: Option C
Solution
Answer: Option C
Solution:
Drawings will generally show a debit balance. A drawing account is an accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.