Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1995
Question no.
#0
Type
Objective

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