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
The balance on Johnson’s current account is
A N3,300 Cr
B N2,200 Cr
C N1,200 Cr
D N800 Dr
Answer is D
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