Use the following information to answer the question





Capital Accounts 60,000 40,000
Current Accounts 10,000 Cr  6,000 Cr
Drawings 8,000 2,000


A. N40,500
B. N30,500
C. N30,000
D. N25,000

Correct Answer: Option B

B. N30,500

SEE ALSO  Rent owing as at 31st December 1998, N800. Rent paid up to 31st December 1998, N1,700. Rent owing as at 1st January 1998, N500. Rent charged to the profit and loss account for the year 1998 is?

Copyright warnings! Do not copy.