Compute the amount withdrawn?

Capital ……………….N2000
Bank ………………….N1200
Purchase ………………N2500
Sales …………………N6700
Stock …………………N1300
Creditors ……………..N1000
Fixed assets……………N3700
Drawings ………………N?
Drawings are always estimated at 50% of capital.

A. N2000
B. N1500
C. N1250
D. N1000

Correct Answer:

Option D – N1250