Determine the club’s excess of income over expenditure?

By: |Published on: Dec 8|Categories: Accounting JAMB| 0 comments

It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.

A. N12000
B. N15000
C. N10000
D. N14500

Correct Answer:

Option A – N12000

Users Also Read These:

SEE ALSO  Which of the following is not a personal account?

Copyright warnings! Do not copy.