Halidu and Hamed are business partners with N30,000 and N...
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
Credited to partners' capital account
Credited to partners' current account
Credited to appropriation account
Debited to partners' drawing account
Correct answer is B
No explanation has been provided for this answer.
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