(begin{array}{c|c} text{Capital} & 12,700 & text{Purchases} & 7,100 \ hline text{Debtors} & 4,000 & text{Stationery}…

(begin{array}{c|c}
text{Capital} & 12,700 & text{Purchases} & 7,100 \
hline
text{Debtors} & 4,000 & text{Stationery} & 1,900 \
hline
text{Sales} & 2,400 & text{Wages} & 1,230 \
end{array})
Determine the closing balance of the cash book?
  • A.
    N655 credit
  • B.
    N655 debit
  • C.
    N130 credit
  • D.
    N130 debit
Correct Answer: Option B
Explanation
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