JAMB - Accounts Principles Of Accounts (2025 - No. 12)
Use the following information to answer questions 11 and 12.
The surplus for the year is
#1,970
#1,650
#1,330
#1,890
Explanation
Total income = 460 + 520 + 500 + 490 + 670 = ₦2,640
Total payment = 200 + 540 + 140 + 110 = ₦990
Surplus = Total income − Total payment = 2,640 − 990 = ₦1,650
Total payment = 200 + 540 + 140 + 110 = ₦990
Surplus = Total income − Total payment = 2,640 − 990 = ₦1,650
Comments (0)
