The subscriptions received represent 80% of total payments and the opening balance is 30% of…

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Accounts - Principles of Accounts JAMB 2006

The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections.

The subscriptions received would be

  • N200 000
  • N240 000 checkmark
  • N300 000
  • N24 000

The correct answer is: B

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