To Close the Drawing Account with a Debit Balance,credit the Account

question 57

True/False

To close the drawing account with a debit balance,credit the account for its balance and debit the owner's capital account.

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Definitions:

Kilometers

A unit of length in the metric system equal to 1,000 meters, commonly used to measure distances between geographical locations.

Miles

A unit of distance measurement in the Imperial system, equal to 1.609 kilometers.

Kilometers Per Hour (Kmph)

A unit of speed or velocity in the metric system, measuring the number of kilometers traveled in one hour.

Miles Per Hour (Mph)

A unit of speed expressing the number of miles traveled in one hour.