Which of the following accounts could be found in the PQ partnership's general ledger?
I.Due from P
II.P,Drawing
III.Loan Payable to Q
A)I,II
B)I,III
C)II,III
D)I,II,and III

Question

Quizplus · Accepted Answer

All three accounts, Due from P, P, Drawing, and Loan Payable to Q, could be found in the PQ partnership's general ledger. Due from P and Loan Payable to Q represent amounts owed by and to the partners, respectively, and P, Drawing represents withdrawals made by partner P from the partnership.

Which of the Following Accounts Could Be Found in the PQ