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Use the information below to answer questions.Entrance fees........................


Question

Use the information below to answer questions.

Entrance fees.........................₦1200

Subscriptions(including ₦850 arrears).₦4310

Donations received....................₦1500

Proceeds from sales...................₦2300

Total payments........................₦8200

Depreciation..........................₦2100

Closing cash balance..................₦1110

The club deposited 200% of the closing cash balance in he bank during the period.

Calculate the total figure for the receipt and payments account?

Options

A)
₦11 410
B)
₦13 630
C)
₦9 310
D)
₦11 530

The correct answer is D.


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