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What is journal entry of 1. Interest on drawings2. Income tax paid

Answer» 1) DRAWINGS A/C. DR. TO INTEREST ON DRAWINGS A/C2) DRAWINGS A/C. DR. TO CASH A/C
Capital A/c Dr. To Interest on DrawingDrawing A/c Dr.\xa0 To Cash A/c
Capital A/c Dr.\xa0 To Interest on Drawing\xa0


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