JAMB Accounting 2010 Objective — Question 43
Question 43 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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43. The contributed by the partners is treated in the A. Current account B. capital account C. trading account D. balance sheet
- A. Current account
- B. capital accountCorrect
- C. trading account
- D. balance sheet
Explanation
The capital account is the account that shows the commitment of partners to the partnership.
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