Given:
…………….Cash Book……………………
Capital……….N6 500……..purchases…..N12 250
Sales…………N30 000……..Rent……….N9 100
…………………………..Motor vehicle.N2 400
A. N71 250 credit
B. N71 250 debit
C. N95 000 credit
D. N95 000 debit
Correct Answer:
Option A – N71 250 credit
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