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 capita...

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

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?

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