WAEC Financial Accounting 2020 Question 21

Use the following information to answer questions 21 to 23.
Receipts and Payments Accounts of Abaluare Youth Club for the year ended 31st December 2018 (₦)
Receipts: Balance b/f 650,000; Subscriptions 9,660,000; Annual dance tickets 1,500,000; Donations 800,000 = 12,610,000
Payments: Wages and salaries 2,400,000; Rent and rates 600,000; Anniversary dance expenses 955,000; Travelling expenses 140,000; Kitchen equipment 4,000,000; Balance c/d 4,515,000 = 12,610,000
Subscriptions for 2017 and 2019 received during the year were ₦180,000 and ₦150,000 respectively.
Subscriptions credited to Income and Expenditure Account for 2018 was

1. A.₦9,990,000.
2. B.₦9,690,000.
3. C.₦9,630,000.
4. D.₦9,330,000.