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?

Similar Questions

A disadvantage of single entry system of book-keeping is that ...

Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled...

In a manufacturing company, wages paid to operatives increase the value of ...

On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purch...

Balance as per cashbook 2, 970 Bank Charges 220 Unpresented cheques 3,950 Uncredited cheques 4,17...

The reason for treating carriage inwards in the trading account is because ...

Capital..................N............N........ Land and building.......18470........24000.... Mor...

Interest on Johnson's drawing is ...

In a bonus issue of one new share for every four held, a holder of 100,000 shares will get additiona...

Subscription in advance is treated in the Balance sheet of non-profit making organizations as ...