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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