The owners wishes to maintain an account equal to of capital as drawings. What is the amount withdrawn

Use the information below to answer question .

Capital…….N12 700……..Purchases……N7 100
Debtors…….N4 000……..Stationery…..N1 900
Sales………N2 400……..Wages……….N1 230

The owners wishes to maintain an account equal to of capital as drawings.

What is the amount withdrawn?

A N9525

B N9000

C N7100

D N6400

Answer is A

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