A club received rent N10,000 and donation of N30,000. it ...
A club received rent N10,000 and donation of N30,000. it paid N6,000 for entertainment and is still owing N16,000 . The balance of the receipts and payments account is?
N14,000
N24,000
N8,000
N42,000
Correct answer is A
income= N30,000 donation
expenditure= N10,000 rent + N6,000 entertainment= N16,000
income - expenditure = N30,000 - N16,000 = N14,000
Commission-on-turnover is charged on? ...
Which of the following should be included in the adjusted cash book? ...
Accumulated fund is also referred to as ...
Zahki Plc balance sheet (extract) as at 31st December 1997. ...
A difference between the debit and credit totals in a trial balance is placed in ...