The subscriptions received represent 80% of total payments and the opening balance is 30% of
FINANCIAL
JAMB 2006
The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections.
What is the closing cash balance?
- A. N35 000
- B. N211 000
- C. N5 000
- D. N10 000
Correct Answer: C. N5 000
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