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

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Compute the amount withdrawn

A. N2000
B. N1500
C. N1250
D. N1000

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Correct Answer: Option D

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