It is the tradition of the club to write off an amount equal to 25%
FINANCIAL
JAMB 2002
It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.
Determine the club's excess of income over expenditure
- A. N12000
- B. N15000
- C. N10000
- D. N14500
Correct Answer: A. N12000
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