Use the information below to answer questions . subscription.....................N5420 Canopy rent......................N400 Wages............................N1100 Post-ages........................N300 loss from...

FINANCIAL
JAMB 2005

Use the information below to answer questions .

subscription.....................N5420

Canopy rent......................N400

Wages............................N1100

Post-ages........................N300

loss from bar....................N160

Purchases of new furniture.......N120

Premises.........................N4000

Furniture at the beginning.......N1120

What is the cash balance in the receipts and payments account?

  • A. N2 520
  • B. N2600
  • C. N3000
  • D. No option

Correct Answer: D. No option



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