Use the following information to answer the given question
J. Chike
N |
B. Balla
N |
|
Current Accounts balance(1/4/98) | 4,000 | 6,000 |
Current Accounts balance (1/4/99) | 7,000 | ? |
Drawings | 1,500 | 1,500 |
Share of net profit | ? | 2,500 |
A. N8,500
B. N7,000
C. N5,500
D. N4,500
Correct Answer:
Option D – N4,500