Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respecti...
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Hamed's share of the profit should be
Question
Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respectively. At the end of the financial year, a profit of ₦12,000, which included Halidu's salary of ₦3,000 was made.Hamed's share of the profit should be
Options
A)
credited to partners' capital account
B)
credited to partners' current account
C)
credited to appropriation account
D)
debited to partners' drawing account
The correct answer is B.
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