Capital balances b/d:.....P.............N20,000
..........................K.............N10,000
Drawings:.................P.............N2, 000
..........................K.............N1,000
Share of profits:.........K.............N4,000
..........................K.............N2,000
Salary....................P.............N1,000
Interest on drawings:.....K.............N100
..........................K.............N20

If the capital of the partnership is unfixed, what is K's current accounts?

A.

N11,950

B.

N10,950

C.

N20

D.

N0

E.

NO OPTION

Correct answer is E

K capital contributed = 10000

10000 - 1,000 - 2000 - 100 - 10 = 6880