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.

Determine the club’s excess of income over expenditure

  • N12000 checkmark
  • N15000
  • N10000
  • N14500

The correct answer is: A

Explanation

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