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The amount withdrawn is
  • A.
    N2,100
  • B.
    N2,200
  • C.
    N4,400
  • D.
    N6,400
Correct Answer: Option B
Explanation
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