Home » Accounts (Principles of Accounts) » Given: Opening cash balance N20,000 Sales of match tickets N15,000 Clearing of pitch N1,200 Refreshments…

Given: Opening cash balance N20,000 Sales of match tickets N15,000 Clearing of pitch N1,200 Refreshments…

Given:
Opening cash balance N20,000
Sales of match tickets N15,000
Clearing of pitch N1,200
Refreshments N3,500
Referees’ allowance N1,000
Cost of petrol N1,120
Donation from local government N3,800
The club’s balance is?
  • A.
    N39,180
  • B.
    N34,830
  • C.
    N34,380
  • D.
    N31,980
Correct Answer: Option D
Explanation