Halima
N |
Ibinabo
N |
|
Capital accounts 1st Jan, 1992 | 100,000 | 50,000 |
Current accounts 1st Jan, 1992 | 20,000 | 40,000 |
Drawing during the year | 10,000 | 15,000 |
Annual salaries | 14,000 | 12,000 |
A. N17,000
B. N15,000
C. N10,750
D. N10,000
E. N9,500
Correct Answer:
Option E – N9,500