Use the information below to answer question . Capital ...................N2000 Bank ......................N1200 Purchase ..................N2500 Sales
FINANCIAL
JAMB 2003
Use the information below to answer question .
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.
Compute the amount withdrawn
- A. N2000
- B. N1500
- C. N1250
- D. N1000
Correct Answer: D. N1000
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