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

JAMB 2004

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

The cash book closing balance will be

A. N900
B. N2,400
C. N4,200
D. N4,600

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Correct Answer: Option B

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

Correct Answer: Option B

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