It is the tradition of the club to write off an amount equal to 25%…

Accounts - Principles of Accounts JAMB 2002

It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.

What is the amount to be written off as other expenses?

  • N4500
  • N6000
  • N4000
  • N5000 checkmark

The correct answer is: D

Explanation

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