Use the information below to answer question Total sales of ticket.......................N300 000 Amount received from...
FINANCIAL
JAMB 2003
Use the information below to answer question
Total sales of ticket.......................N300 000
Amount received from the sales..............N260 000
Cash purchase of club house.................N100 000
Credit purchase of equipment ...............N60 000
Electricity bill paid ......................N5 000
Salaries owed ..............................N2 000
What is the receipts and payment account balance?
- A. N260 000
- B. N233 000
- C. N155 000
- D. N100 000
Correct Answer: C. N155 000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *