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Sir i have 3 questions about nature of these 3 things
Q1:What is the nature of drawing?Assets,Liabilities,Expense,Capital,revenue
Q2:What is the nature of allowance for receivables?Assets,Liabilities,Expense,Capital,revenue
Q3:What is the nature of Accumulated Depreciation?Assets,Liabilities,Expense,Capital,revenueDrawings are a reduction of capital.
The allowance for receivables and accumulated depreciation, are both reductions of assets.
Today was My F3 Paper.I Scored 80% marks.Thank you so much sir you helped me a lot..
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