Use the following information to answer the given question.
John and Johnson are in partnership, sharing profit and losses in the ratio 3 : 2. Other information are as follows:
Capital – JohnN20,000 – JohnsonN10,000 Drawings – John2,000 – Johnson3,000 Interest on capital5% Interest on drawings10% ProfitN6,000
Interest on John’s drawings is
A N500
B N300
C N200
D N150
Answer is C
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