Entrance fees.........................N1200
Subscriptions(including N850 arrears)....N4310
Donations received....................N1500
Proceeds from sales...................N2300
Total payments........................N8200
Depreciation........................N2100
Closing cash balance..................N1110
The club deposited 200% of the closing cash balance in he bank during the period.
Calculate the total figure for the receipt and payments account?
N11,410
N13,630
N9,310
N11,530
Correct answer is D
No explanation has been provided for this answer.