Capital balances b/d:.....P.............N20,000
.....
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?
N11,950
N10,950
N20
N0
NO OPTION
Correct answer is E
K capital contributed = 10000
10000 - 1,000 - 2000 - 100 - 10 = 6880
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