When partners maintain fixed capital accounts t... - WAEC Accounting 2004 Question
When partners maintain fixed capital accounts, the correct entries for a partner's share of profit is
A
debit profit and loss appropristion account, credit current Account
B
Debit profit and loss appropriation account, credit capital account
C
debit current account, credit caapital account
D
debit profit and loss account, credit current account
correct option: b
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