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...
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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