Receipts and payments Account of Abalure Youth Club for the year ended 31st December 2018

Subscriptions for 2017 and 2019 received during the year were #180,000 and #150,000 respectively.

Total expenses debited to income and expenditure Account for 2018 was 

Use the following information to answer the question

The following transactions were recorded in the cash book of Ibusah for the month of February 2019:

The total income for the month is

Use the following information to answer the question

The following transactions were recorded in the cash book of Ibusah for the month of February 2019

The balance brought down at the end of the month is

According to the entity concept, ownership is

If sales is  D 12,000, and the gross profit markup percentage is 25%. What is the cost of sales?