A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000. The balance of the payments account is?

By: |Published on: Dec 9|Categories: Accounting JAMB| 0 comments

A. N24,000
B. N22,000
C. N14,000
D. 8,000
E. NO OPTION INDICATED

Correct Answer:

Option E – NO OPTION INDICATED

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