Accounts - Principles of Accounts
JAMB 2005
Use the information below to answer questions .
subscription.....................N5420
Canopy rent......................N400
Wages............................N1100
Post-ages........................N300
loss from bar....................N160
Purchases of new furniture.......N120
Premises.........................N4000
Furniture at the beginning.......N1120
What is the cash balance in the receipts and payments account?
-
A.
N2 520
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B.
N2600
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C.
N3000
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D.
N120
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E.
No option
Correct Answer: Option E
Explanation
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