Accounts - Principles of Accounts Past Questions and Answers

It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.
Determine the club's excess of income over expenditure

Miscellaneous expense is 10% of revenue Calculate the net income.

Subscriptions received are always put at 125% of the total donations received and refreshment sales.
What is the closing cash balance ?