Question 1 Report
Use the information below to answer question
Capital.................................₦60 000
Bank....................................₦12 500
General expenses........................₦5 250
Creditors...............................₦17 000
Stock...................................₦98 500
Fixed assets............................₦42 000
Insurance and rates.....................₦18 800
Purchase................................₦63 850
What is the cash balance on the debit side if it is the only item omitted?