Question 33
Not-for-Profit OrganisationsIncome and Expenditure (Extract)
Debit: Bal. b/d ₦390; Sales of tickets ₦4,000; Donations ₦3,000; Subscriptions ₦6,500
Credit: Expenses on cleaning ₦300; New tool ₦510; Repairs ₦400; Electricity ₦350
What is the balance carried down?
- A.₦11,680.
- B.₦11,930.
- C.₦12,330.
- D.₦13,430.
Show the answer and explanation
Answer: C (₦12,330.)
Explanation
Debit total = 390 + 13 500 = 13 890; payments = 300 + 510 + 400 + 350 = 1 560. Balance c/d = ₦12 330.