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Find the bank balance?

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