Entrance fees.........................N1200
Subscr...
Entrance fees.........................N1200
Subscriptions(including N850 arrears).N4310
Donations received....................N1500
Proceeds from sales...................N2300
Total payments........................N8200
Depreciation..........................N2100
Closing cash balance..................N1110
The club deposited 200% of the closing cash balance in he bank during the period.
Determine the opening cash balance of the
N3070
N2220
N5710
N4320
Correct answer is B
No explanation has been provided for this answer.
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