Drawings are always estimated at 50% of capital. The trial balance total is?
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.
The trial balance total is?
A N9700
B N8700
C N7900
D N7800
Answer is A
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