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Ajem and Ogah were in partnership sharing profits and losses in the ratio 2 : 3. Interest on capital and drawings were 5% and 3% respectively. The following details relate to the partnership for the year 2017.
| Capital Account Current Account Drawings Salary | Ajem GH⊄ 60,000 40,000 20,000 10,000 | Ogah GH⊄ 65,000 50,000 30,000 - |
Net profit was GH⊄ 100,000.
Ajem's current account balance was
A.
GH⊄ 66,500
B.
GH⊄ 60,000
C.
GH⊄ 42,000
D.
GH⊄ 40,000
Answer: A
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