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


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.


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