Question on: JAMB Accounting - 2005

Use the information below to answer questions .

subscription.....................N5420

Canopy rent......................N400

Wages............................N1100

Post-ages........................N300

loss from bar....................N160

Purchases of new furniture.......N120

Premises.........................N4000

Furniture at the beginning.......N1120

What is the cash balance in the receipts and payments account?

A
N2 520
B
N2600
C
N3000
D
N120
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Correct Option: E

Correct Answer: Option E

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