The owner wishes to maintain an amount equal to \( \frac{1}{3} \) of capital as…

Accounts - Principles of Accounts JAMB 2004

The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.

The amount withdrawn is

  • N2,100
  • N2,200 checkmark
  • N4,400
  • N6,400

The correct answer is: B

Explanation

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