MPOBA Club’s annual donations from members amount to 112% of its internally generated revenue from…

Accounts - Principles of Accounts JAMB 2006

MPOBA Club’s annual donations from members amount to 112% of its internally generated revenue from the following.

Sales of drinks……………….N212 500
Annual dues…………………..N112 000

How much is the total receipt of the club?

  • N563 440
  • N687 940
  • N363 440 checkmark
  • N524 500

The correct answer is: C

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