Home » Past Questions » Accounts » Use the information below to answer question.Given:Fixed assets: ₦85,600 Sale...

Use the information below to answer question.Given:Fixed assets: ₦85,600 Sale...


Question

Use the information below to answer question.

Given:

Fixed assets: ₦85,600
Sales: ₦197,000
Stock: ₦34,300
Salaries: ₦37,000
Purchases: ₦127,700
Share capital: ₦120,000
Creditors: ₦16,050
Motor expenses: ₦10,500
Debtors: ₦25,000

What is the cash balance?

Options

A)
₦12,095
B)
₦12,590
C)
₦12,905
D)
₦12,950

The correct answer is D.


More Past Questions:


Discussion