John and Mary are in partnership. After the first year of operation, the current accounts of both partners had a debit balance.
What might have caused the debit balances?
1 drawings
2 loss for the year
3 salaries they are entitled to
1 )
1, 2 and 3
1 and 2 only
3 )
1 and 3 only
4 )
2 only
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