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Use the information below to answer question Total sales of ticket.................


Question

Use the information below to answer question

Total sales of ticket.......................₦300 000

Amount received from the sales..............₦260 000

Cash purchase of club house.................₦100 000

Credit purchase of equipment ...............₦60 000

Electricity bill paid ......................₦5 000

Salaries owed ..............................₦2 000

What is the balance of the income and expenditure account?

Options

A) ₦300 000

B) ₦293 000

C) ₦193 000

D) ₦133 000

The correct answer is B.


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