Use the following information to answer the question below

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.

Ogah Ajem

Capital Account 60,000 65,000

Current Account 40,000 50,000

Drawings 20,000 30,000

Salary 10,000 -

Netprofit was 100,000

Ajem's current account balance was

  • A 65,000
  • B 60,000
  • C 42,000
  • D 40,000

The correct answer is D. 40,000

No explanation given
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