JAMB Accounting 2019 Objective — Question 13

Question 13 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.

Partner's salaries and drawings are usually posted to the

A. partner's account
B. trading account
C. current accountCorrect
D. capital account

Explanation

The current account, in a partnership business, is the account that shows the relationship of the business with the owners aside from the fixed capital account.

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