Use the information below to answer question . Capital ……………….N2000 Bank ………………….N1200 Purchase ………………N2500 Sales…

Accounts - Principles of Accounts JAMB 2003

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.

Compute the amount withdrawn

  • N2000
  • N1500
  • N1250
  • N1000 checkmark

The correct answer is: D

Explanation

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