Halidu and Hamed are business partners with N30... - JAMB Accounting 1995 Question
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
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
correct option: b
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