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ACCOUNTING

JAMB 2001 - Question 30

Account 2001 JAMB Past Questions - Question 30: A club received rent N 10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000. The balance of the receipts and payments account is

Choose the most appropriate option for the gap .

A club received rent N 10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000. The balance of the receipts and payments account is

A: N24,000

B: N22,000

C: N14,000

D: N8,000.

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Correct Answer

Explanation

no option