Use the information below to answer question
Total sales of tickets…………………..N300 000
The amount received from the sales…………..N260 000
Cash purchase of clubhouse……………..N100 000
Credit purchase of equipment ……………N60 000
Electricity bill paid ………………….N5 000
Salaries owed …………………………N2 000
What is the receipts and payment account balance?
- A.
N260 000 - B.
N233 000 - C.
N155 000 - D.
N100 000