Victor and Wasim are in partnership. At the beginning of the financial year, the balances on the partners’ current accounts stood at Victor, $22500 credit, and Wasim, $3700 debit. The following information is provided for the financial year: interest on capital: Victor $1500, Wasim $1700 share of profits: Victor $65000, Wasim $97500 drawings: Victor $22000, Wasim $17500 interest on drawings: Victor $660, Wasim $525 capital introduced: Victor -, Wasim $5000 What was the balance on Wasim’s current account at the end of the financial year?
- A$72475
- B$77475
- C$78525
- D$82475