Question on: JAMB Accounting - 1995
Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end of the financial year, a profit of N12,000, which included Halidu's salary of N3,000 was made.
Hamed's share of the profit should be
A
credited to partners' capital account
B
credited to partners' current account
C
credited to appropriation account
D
debited to partners' drawing account
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses