JAMB Accounting 2010 Objective — Question 39
Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
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39. Which of the following is mostly used in treating partner's current earnings? A. Savings account B. Current account C. Capital account D. Share capital account
- A. Savings account
- B. Current accountCorrect
- C. Capital account
- D. Share capital account
Explanation
The current account is widely used in recording transactions that has to do with partners and their investment in the partnership.
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