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 option is D
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