Accounts (Principles of Accounts)Accounts of not-for-profit organisationsWAEC
A club has 80 members paying ₦1,500 each. 5 members owe subscriptions at the year end. Subscriptions income for the year is
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Answer: A. ₦120,000
Income is based on all 80 members: 80 × 1,500.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.