Home » Accounts (Principles of Accounts) » The owner wishes to maintain an amount equal to ( frac{1}{3} ) of capital as…The owner wishes to maintain an amount equal to ( frac{1}{3} ) of capital as… 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 Correct Answer: Option B Explanation Related Posts Which of the following accounts has a credit balance? The account where the profit are distributed to the partner in their profit sharing ratio… A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit… Which of the following is not a cause of depreciation? Which of the following will a supplier send to a customer whose invoice was undercast? Calculate the cash balance after the discount
