Where fixed capital account is maintained, partners Share of profit is transferred to the

Where fixed capital account is maintained, partners Share of profit is transferred to the

Accounts - Principles of Accounts

WAEC 2019

Where fixed capital account is maintained, partners Share of profit is transferred to the

A. debit side of the capital account
B. credit side of the capital account
C. credit side of partner's current account
C. debit side of partners current account

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Correct Answer: Option C

Explanation

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Where fixed capital account is maintained, partners Share of profit is transferred to the

Correct Answer: Option C

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