Given:
Club trading profit N12,000
Members' subscription N15,000
Profit on sale of fixed assets N2,500
Loss on sale of investments N1,000
Wages N16,500 
Other expenses N10,000

Determine the club's excess of income over expenditure?

Similar Questions

\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000 \\ \text{Residual value}...

A reduction in the catalogue price of an article given by a wholesaler to a retailer is called a? ...

Purchasers ledger control account can also be referred to as ...

A typical example of a real account is? ...

The cost incurred by departments that support the production departments with such activities as mai...

A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of...

The account which refers to the tangible assets of a company that is of permanent nature is the ...

An asset was purchase for N343m in 2003.  The estimated life of the asset was 3 years with a r...

Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...

The major source of document which enables employer to calculate  the employee wages  is t...