Use the following information to answer the question below

                                01/01/2016   31/12/2016
Trade debtors-------80,000           100,000
Trade creditors-----30,000            40,000
Stock-----------------70,000             90,000

Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000

Credit purchase for 2016 is?

The excess of assets over liabilities in a not for profit organization is--------------

The parties who are paid last in the event of winding-up are

An event that will not require a change in the profit-sharing ratio of partners in a firm is when

Use the following information to answer the question that follows

Receipt and payments: 31st December 2016

Cash at bank------460        New equipment------200
Subscriptions-----520         Cleaner's wage-----540
Donations--------- 500         Stationary----------- 140
Sale of stickers---490         Cash at bank--------110
Entrance fee------670

The total income received for the year is...........