Entrance fees…………………….N1200
Subscriptions (including N850 arrears). N4310
Donations received………………..N1500
Proceeds from sales……………….N2300
Total payments……………………N8200
Depreciation……………………..N2100
Closing cash balance………………N1110
The club deposited 200% of the closing cash balance in he bank during the period.
A. N3070
B. N2220
C. N5710
D. N4320
Correct Answer:
Option B – N2220
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![A spring balance, which is suspended from the roof of a lift, carries a mass of 1kg at its free end. If the lift accelerates upwards at 2.5ms‾², determine the reading on the spring balance. [g = 10ms‾²]](https://erudites.ng/wp-content/plugins/contextual-related-posts/default.png "A spring balance, which is suspended from the roof of a lift, carries a mass of 1kg at its free end. If the lift accelerates upwards at 2.5ms‾², determine the reading on the spring balance. [g = 10ms‾²]")
