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Partnership account

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(Querist)
26 December 2019 Is normal accounting entry for drawing applicable in case of partner with no capital investment.
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Asha Kanta Sharmapro badge online (Expert)
22 May 2020 You have to Debit the Partner Account with the amount of Drawings made and credit the Cash/Bank as applicable. (Assuming it is a partnership firm and other partners have made investments)

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