Test Index

JAMB Accounts Principles of Accounts 2019 Paper

Question : 19

Total: 71

Use the information to answer this question
Receipts and Payment Account (Extract)
N
Bal b/f 3650 Insurance 900
subscription (99) 7500 Rate 11,700
(2000) 1000 Bal c/d 8,050
Fees 8500

20,650 20,650

The following information were given:

Rates owing
Insurance prepaid
Subscription in arrears

1/199
3,600
50
700

31/12/99
2000
1000
600

What is the opening cash balance

₦20,600
₦8,050
₦3,650
₦8,500

Validate

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