Use the following information to answer the given question. The Receipts and Payments Account of Acada Club for the year ended 31st December, 1995 is as follows:

\(\begin{array}{c|c} & N & & N \\ \hline \text{Balance b/f} & 800 & \text{Printing and stationery} & 320 \\ Subscriptions & 3,600 & \text{Postages and Telephone} & 160 \\ \text{Donations} & 650 & Rent & 1,200 \\ \text{Dace tickets} & 1,200 & \text{Library books} & 2,500 \\ & & \text{Anniversary dance expenses} & 945 \\ & & \text{balance c/d} & 1,125\\ & \overline{6,250} & & \overline{6,250} \end{array}\)

The amount of income credited to Income and Expenditure Account for the year was

Similar Questions

The account of government into which all monies are received and from which all expenditures are dis...

What are the advantages of an imprest petty cash book? I cheques can be drawn easily II A cheque o...

John received a cheque from Dawda, a debtor, in payment for goods purchased by Dawda on credit. The ...

A limited liability company has an authorized shares capital of 50 million split into 100 millions s...

The bank charges levied on a current account holder is the charge on? ...

Income and Expenditure account is the same as the --------- of a sole trader ...

Which of the following is the effect of an increase in the provision for discount allowed? ...

The capital employed is ...

\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...

Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch What is ...