Use the following information to answer ...
Use the following information to answer the question given
Jan. 1₦1/1/08 Capital introduced by cash50,0002/1/08 Bought goods for retail by cash10,0003/1/08 Sold fixtures by cash5,0004/1/08 Sold goods to Lagbaja on credit3,0005/1/08 Bought goods on credit from Tamedu8,000
Cash balance at 5/1/08 is
₦50,000
₦40,000
₦45,000
₦30,000
Correct answer is C
The amount of money in an account. It is calculated by adding the initial deposit to all subsequent deposits and then subtracting all disbursements.
capital introduced 50000
purchase 10000
sales 5000
Bal c/d 45000
55000 55000
cash balance = 45000
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