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Question

Drawing account is real account.

A
True
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B
False
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Solution

The correct option is B False
Drawings account is a personal account.
Personal accounts are classified as :-
a) Natural person,
b) Artificial person
c) Representative personal accounts.
A representative personal account represents a person/persons.
Drawings account is a representative personal account.
Some examples of representative personal accounts are capital, outstanding wages, prepaid salaries.

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