Use the information below to answer questions . subscription…………………N5420 Canopy rent………………….N400 Wages……………………….N1100 Post-ages……………………N300 loss from…

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Accounts - Principles of Accounts JAMB 2005

Use the information below to answer questions .

subscription…………………N5420
Canopy rent………………….N400
Wages……………………….N1100
Post-ages……………………N300
loss from bar………………..N160
Purchases of new furniture…….N120
Premises…………………….N4000
Furniture at the beginning…….N1120

What is the cash balance in the receipts and payments account?

  • N2 520
  • N2600
  • N3000
  • N120
  • No option checkmark

The correct answer is: E

Explanation

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