The subscriptions received represent 80% of total payments and the opening balan...
|Receipts and Payments Account|
|Balance b/d||?||Rent and rates||30 000|
|Subscriptions received||?||General expenses||10 000|
|Gate-fee collections||50 000||Electricity||20 000|
The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections.
What is the closing cash balance?
The correct answer is C.
More Past Questions:
- English Language
- Christian Religious Knowledge
- Literature In English
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- Further Mathematics
- Current Affairs
- Civic Education
- Computer Studies
- Home Economics
- Sweet Sixteen
- Fine Arts