| Receipts and Payments Account (Extract) | |||
| ₦ | ₦ | ||
| Bal. b/d | 4000 | Motor vehicle expenses | 12000 |
| Subscription received | ? | Insurance | 3000 |
| Donations received | 6000 | Ambulance expenses | 12500 |
| Electricity | 1000 | ||
| Refreshment sales | 10,000 | Balance c/d | ? |
Subscriptions received are always put at 125% of the total donations received and refreshment sales.
Compute the subscriptions received.
Options
A) ₦30000
B) ₦28000
C) ₦24000
D) ₦20000
The correct option is D
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