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Use the information below to answer the question that follows:Given:What is the ...


Question

Use the information below to answer the question that follows:

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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