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
A credited to partners’ capital account
B credited to partners’ current account
C credited to appropriation account
D debited to partners’ drawing account
Answer is B
