Accounting JAMB

What is the receipts and payment account balance?

Total sales of ticket…………………..N300 000
Amount received from the sales…………..N260 000
Cash purchase of club house……………..N100 000
Credit purchase of equipment ……………N60 000
Electricity bill paid ………………….N5 000
Salaries owed …………………………N2 000

A. N260 000
B. N233 000
C. N155 000
D. N100 000

Correct Answer:

Option C – N155 000

Sunday

Share
Published by
Sunday
Tags: Accounting

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago