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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 Ibinabo's current account on 32st December, 1992 is

A.

N66,500

B.

N53,500

C.

N51,500

D.

N43,500

Correct answer is C

No explanation has been provided for this answer.