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Question on: WAEC Accounting - 2004

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

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Correct Option: B

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