Accounting JAMB

How much is the total receipt of the club?

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

A. N563 440
B. N687 940
C. N363 440
D. N524 500

Correct Answer:

Option C – N363 440

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