Given:
| Equipment Motor Vehicle Loan Creditors Sub in advance Sub in arrears | ₦ 10,000 15,000 4,500 3,000 150 3500 |
What is the accumulated fund?
A
₦14,150
B
₦20,850
C
₦21,850
D₦14,200
Answer is B
Accumulated fund = Assets – liabilities
= 10,000 + 15,000 + 3500 – 4500 + 3000 + 150
= 28,500 – 7650
= ₦20,850
