The owner wishes to maintain an amount equal to 1/3 of capital as drawings. The cash book closing balance will be
The owner wishes to maintain an amount equal to 1/3 of capital as drawings.
The cash book closing balance will be
A N900
B N2,400
C N4,200
D N4,600
Answer is B
Tag:2004 Jamb Accounting, Jamb, Jamb 2004 accounting questions and answers, Jamb 2004 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board
