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.

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