JAMB Accounting 2010 Objective — Question 40
Question 40 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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40. The salary of a partner is usually debited to the A. Sundry debtors' account B. appropriation account C. profit and loss account D. sundry current account
- A. Sundry debtors' account
- B. appropriation accountCorrect
- C. profit and loss account
- D. sundry current account
Explanation
The salary of partners is debited to the partners' appropriation account as well as interest on drawings.
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