\(\begin{array}{c|c} & Baba & Tude\\ & N &...
Use the following information to answer the given question
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 January, 2000} & 40,000 & 50,000\\ \text{Current Accounts 1 January, 2000} & 20,000Cr & 15,000Cr \\ \text{Drawings during the year} & 4,000 & 15,000\\ Salaries & 5,000 & 5,000\end{array}\) Interest on capital is 10%, the net profit for the year is N40,000. Baba's Current Account balance on 31st December, 2000 is
N35,500
N25,000
N21,000
N20,000
Correct answer is A
No explanation has been provided for this answer.
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