What is the accumulated fund?
Given:
Furniture and fittings………………N20,000
Equipment………………………….N15,000
Bank overdrafts…………………….N6, 500
Bar creditors………………………N4,800
Subscription in arrears……………..N4,700
Subscription in advance……………..N650
What is the accumulated fund?
A 23,700
B 27,750
C 29,650
D 51,650
Answer is B
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