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Partners' share of profit is credited to
Question 1
Report
Partners' share of profit is credited to
a partner's current account
a partner's capital account
the profit and loss account
the profit and loss appropriation account
Answer Details
Read lesson note on Partnership Accounts (WAEC)
Read lesson note on The Final Accounts Of A Sole Trader/proprietorship (WAEC)
Partnership Accounts
The Final Accounts Of A Sole Trader/proprietorship
View Answer