Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2016 - Question 24

Account 2016 JAMB Past Questions - Question 24: When the fixed capital method is used, the partners share of profits and remunerations are credited to the

Choose the most appropriate option for the gap .

When the fixed capital method is used, the partners share of profits and remunerations are credited to the

A: current account.

B: profit and loss account.

C: profit and loss appropriation account.

D: capital account.

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ACCOUNTING

Account 2016 JAMB Past Questions - Question 24: When the fixed capital method is used, the partners share of profits and remunerations are credited to the

Examkit's JAMB CBT App

Correct Answer

Explanation