JAMB Principles of Accounts 2004 Question 5

Use the information below to answer questions 5 and 6.
Cash Book
Dr: Capital ₦6,600; Sales ₦3,000; Debtors ₦2,500
Cr: Purchases ₦3,500; Stationery ₦1,300; Wages ₦2,700
The owner wishes to maintain an amount equal to ⅓ of capital as drawings.
The amount withdrawn is

1. A.₦2,100
2. B.₦2,200
3. C.₦4,400
4. D.₦6,400