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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
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