WAEC Financial Accounting 1995 Question 47

Halima and Ibinabo are partners sharing profits and losses equally. Extracts from their books showed (Halima | Ibinabo):
Capital Accounts 1st Jan., 1992: ₦100,000 | ₦50,000
Current Accounts 1st Jan., 1992: ₦20,000 | ₦40,000
Drawing during the year: ₦10,000 | ₦15,000
Annual salaries: ₦14,000 | ₦12,000
Interest on capital is 10%. The net profit for the year is ₦60,000.

The interest on Halima's capital is

1. A.₦10,000
2. B.₦6,000
3. C.₦4,000
4. D.₦2,000
5. E.₦1,000