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\(\begin{array}{c|c} & Halima & Ibinabo \\ & ...

HalimaIbinaboNNCapital accounts 1st Jan, 1992100,00050,000Current accounts 1st Jan, 199220,00040,000Drawing during the year10,00015,000Annual salaries14,00012,000


Interest on capital is 10%. The net profit for the year is N60,000. The balance on Halima's current account on 31st December, 1992 is

A.

N66,500

B.

N53,300

C.

N51,500

D.

N43,500

E.

N33,500

Correct answer is D

No explanation has been provided for this answer.