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Use the information below to answer question. Given: 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