Use the following information to answer he give... - WAEC Accounting 1999 Question
Use the following information to answer he given question
\(\begin{array}{c|c} & J. Chike & B. Balla \ & N & N \ \hline \text{Current Accounts balance(1/4/98)} & 4,000 & 6,000 \ \text{Current Accounts balance (1/4/99)} & 7,000 & \text{?} \ Drawings & 1,500 & 1,500 \ \text{Share of net profit} & \text{?} & 2,500 \end{array}\)
What is Balla's Current Account balance as at 31/3/99?
\(\begin{array}{c|c} & J. Chike & B. Balla \ & N & N \ \hline \text{Current Accounts balance(1/4/98)} & 4,000 & 6,000 \ \text{Current Accounts balance (1/4/99)} & 7,000 & \text{?} \ Drawings & 1,500 & 1,500 \ \text{Share of net profit} & \text{?} & 2,500 \end{array}\)
What is Balla's Current Account balance as at 31/3/99?
A
N11,000
B
N7,000
C
N5,500
D
N4,500
correct option: b
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