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When partners maintain fixed capital accounts, the correct entries for a partner’s share of profit…

When partners maintain fixed capital accounts, the correct entries for a partner’s share of profit is
  • A.
    debit profit and loss appropristion account, credit current Account
  • B.
    Debit profit and loss appropriation account, credit capital account
  • C.
    debit current account, credit caapital account
  • D.
    debit profit and loss account, credit current account
Correct Answer: Option B
Explanation