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A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is...

Accounts - Principles of Accounts
JAMB 2001
A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000.
The balance of the payments account is?
  • A. N24,000
  • B. N22,000
  • C. N14,000
  • D. 8,000
  • E. NO OPTION INDICATED
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Correct Answer: Option E
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