Use the following information to answer the giv... - WAEC Accounting 1997 Question
Use the following information to answer the given question. The Receipts and Payments Account of Acada Club for the year ended 31st December, 1995 is as follows:
\(\begin{array}{c|c} & N & & N \ \hline \text{Balance b/f} & 800 & \text{Printing and stationery} & 320 \ Subscriptions & 3,600 & \text{Postages and Telephone} & 160 \ \text{Donations} & 650 & Rent & 1,200 \ \text{Dace tickets} & 1,200 & \text{Library books} & 2,500 \ & & \text{Anniversary dance expenses} & 945 \ & & \text{balance c/d} & 1,125\ & \overline{6,250} & & \overline{6,250} \end{array}\)
The total expenses debited to Income and Expenditure Account for the year was
\(\begin{array}{c|c} & N & & N \ \hline \text{Balance b/f} & 800 & \text{Printing and stationery} & 320 \ Subscriptions & 3,600 & \text{Postages and Telephone} & 160 \ \text{Donations} & 650 & Rent & 1,200 \ \text{Dace tickets} & 1,200 & \text{Library books} & 2,500 \ & & \text{Anniversary dance expenses} & 945 \ & & \text{balance c/d} & 1,125\ & \overline{6,250} & & \overline{6,250} \end{array}\)
The total expenses debited to Income and Expenditure Account for the year was
A
N6,250
B
N5,125
C
N2,625
D
N2,500
correct option: c
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