Which of the following accounts would appear in the general ledger of a partnership?
A) Dividends paid account.
B) Retained earnings account.
C) Common share accounts.
D) Drawings accounts.

Question

Quizplus · Accepted Answer

Drawings accounts are used to track the withdrawals made by each partner from the partnership's equity. Therefore, this would be the only account that would appear in the general ledger of a partnership. Alternatively, all of the other accounts listed (Dividends paid, Retained earnings, and Common share) would be more commonly found on the general ledger of a corporation.

Which of the Following Accounts Would Appear in the General