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 cash book closing balance will be
- A. N900
- B. N2,400
- C. N4,200
- D. N4,600
Correct Answer: B. N2,400
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *