WAEC Financial Accounting 1997 Question 48

The Receipts and Payments Account of Acada Club for the year ended 31st December, 1995 is as follows:
Receipts: Balance b/f N800; Subscriptions N3,600; Donations N650; Dance tickets N1,200; total N6,250
Payments: Printing and Stationery N320; Postages and Telephone N160; Rent N1,200; Library books N2,500; Anniversary dance expenses N945; balance c/d N1,125; total N6,250
The total expenses debited to Income and Expenditure Account for the year was

1. A.N6,250
2. B.N5,450
3. C.N2,625
4. D.N2,500
5. E.N1,125.