Receipts and Payments Account ₦ ₦ Bal. b/f 1,000 Salaries 5,000 Donations 5,000 Secretariat expenses 5,000 Subscriptions 7,000 Dance expenses 5,000 Sales of...

Question 1 Report

Receipts and Payments Account
	₦		₦
Bal. b/f	1,000	Salaries	5,000
Donations	5,000	Secretariat expenses	5,000
Subscriptions	7,000	Dance expenses	5,000
Sales of refreshments	11,000	Refreshments	15,000
Entertainment	21,000	Bal. c/d	15,000
	45,000		45,000

Given:

Calculate the surplus income.

₦45 000

₦44 000

₦30 000

₦14 000