Given:
Fixed assets N85,600
Sales N197,000
Stock N34,300
Salaries N37,000
Purchases N127,700
Share capital N120,000
Creditors N16, 050
Motor expenses N10,500
Debtors N25,000
A. N12,095
B. N12,590
C. N12,905
D. N12,950
Correct Answer:
Option D – N12,950
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