The following information relates to Mallam Amidu Kachella for the year ended on 31/12/2005.
Opening stock = #4,000
Purchases = #16,000
Sales = #30,000
Debtors = #6,500
Creditors = #4,200
Cash in hand = #800
Closing stock = #5,600
Bank overdraft = #3,000
A. #1,600
B. #4,800
C. #5,600
D. #9,600
Correct Answer: Option B
B. #4,800
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