Use the following information to answer the given questio...
Use the following information to answer the given question.
John and Johnson are in partnership, sharing profit and losses in the ratio 3 : 2. Other information are as follows:
Capital - JohnN20,000 - JohnsonN10,000Drawings - John2,000 - Johnson3,000Interest on capital5%Interest on drawings10%ProfitN6,000
The balance on John's current account is
N4,000 Dr
N3,800 Cr
N3,300 Cr
N2,000 Cr
N18,000 Cr
Correct answer is E
No explanation has been provided for this answer.
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