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The owner wishes to maintain an amount equal to \( \frac{1}{3} \) of capital as ...



The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The cash book closing balance will be
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N900
  • B N2,400
  • C N4,200
  • D N4,600
Correct Answer: Option B
Explanation:

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