JAMB Accounting 2007 Objective — Question 3

Question 3 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

Determine opening cash balance of the club.

A. #3,070
B. #2,220Correct
C. #5,710
D. #4,320

Explanation

The opening balance brought forward (Bal b/f) in the receipts and payments account is #2,220.

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