Question 50
What is the value of Aminu's cash balance in January, 2015?
Use the following information to answer questions 50 to 52
An extract from the books of Aminu for the month of January, 2015.
An extract from the books of Aminu for the month of January, 2015.
| ₦ | |
| Capital | 100,000 |
| Purchases | 70,000 |
| Sales | 95,700 |
| Loan to Abuh | 5,000 |
| Sundry expenses | 3,500 |
| Wages | 2,500 |
| Rent | 8,000 |
| Cash balance | ? |
What is the value of Aminu's cash balance in January, 2015?
Objective