The owner wishes to maintain an amount equal to \( \frac{1}{3} \) of capital as
FINANCIAL
JAMB 2004
The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The amount withdrawn is
- A. N2,100
- B. N2,200
- C. N4,400
- D. N6,400
Correct Answer: B. N2,200
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