Use the information below to answer the question:
|Total sales of ticket||₦300 000|
|Amount received from the sales||₦260 000|
|Cash purchase of club house||₦100 000|
|Credit purchase of equipment||₦60 000|
|Electricity bill paid||₦5 000|
|Salaries owed||₦2 000|
What is the receipts and payment account balance?
A) ₦260 000
B) ₦233 000
C) ₦155 000
D) ₦100 000
The correct option is C
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