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\(\begin{array}{c|c} & Baba & Tude\\ & N &...

Use the following information to answer the given question

BabaTudeNNCapital Accounts 1 January, 200040,00050,000Current Accounts 1 January, 200020,000Cr15,000CrDrawings during the year4,00015,000Salaries5,0005,000 Interest on capital is 10%, the net profit for the year is N40,000. Baba's Current Account balance on 31st December, 2000 is

A.

N35,500

B.

N25,000

C.

N21,000

D.

N20,000

Correct answer is A

No explanation has been provided for this answer.