Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 Share capital N120,000 Creditors...
FINANCIAL
JAMB 2001
Fixed assets N85,600
Sales N197,000
Stock N34,300
Salaries N37,000
Purchases N127,700
Share capital N120,000
Creditors N16, 050
Motor expenses N10,500
Debtors N25,000
What is the cash balance?
- A. N12,095
- B. N12,590
- C. N12,905
- D. N12,950
Correct Answer: D. N12,950
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