Home » Past Questions » Accounts » Given:Calculate the surplus income.

Given:Calculate the surplus income.


Question

Receipts and Payments Account
  
Bal. b/f1,000Salaries5,000
Donations5,000Secretariat expenses5,000
Subscriptions7,000Dance expenses5,000
Sales of refreshments11,000Refreshments15,000
Entertainment21,000Bal. c/d15,000
 45,000 45,000

Given:

Calculate the surplus income.

Options

A)
₦45 000
B)
₦44 000
C)
₦30 000
D)
₦14 000

The correct answer is D.


More Past Questions:


Discussion