Question on: JAMB Accounting - 2007
Use the information below to answer questions.
Entrance fees.........................N1200
Subscriptions(including N850 arrears).N4310
Donations received....................N1500
Proceeds from sales...................N2300
Total payments........................N8200
Depreciation..........................N2100
Closing cash balance..................N1110
The club deposited 200% of the closing cash balance in he bank during the period.
Calculate the total figure for the receipt and payments account?
A
N11 410
B
N13 630
C
N9 310
D
N11 530
Ask EduPadi AI for a detailed answer
Correct Option: D
Add your answer
Please share this, thanks!
No responses