Question on: WAEC Accounting - 1990
Abid and Onik were in partnership sharing profit in the ratio 3 : 2. Their respective capitals were N4,000 and N2,000 and their drawings N1,800 and N1,200. Profit during the year was N5,400; before 5% interest on capital. No interest was chargeable on drawings. What was the balance carried down on Abid's current account?
A
N940
B
N1,460
C
N2,040
D
N3,060
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Correct Option: A
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