Accounts (Principles of Accounts)Partnership accountsWAEC
Partner A has a salary of ₦6,000 and interest on capital of ₦2,000, and drew ₦5,000. His current account opens with nil. Ignoring his share of the remaining profit, the closing balance is
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Answer: B. ₦3,000 credit
6,000 + 2,000 − 5,000 = 3,000 credit.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.