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 -
E.
N3,600