A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is…

A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000.
The balance of the payments account is?
  • A.
    N24,000
  • B.
    N22,000
  • C.
    N14,000
  • D.
    8,000
  • E.
    NO OPTION INDICATED
Correct Answer: Option E
Explanation
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