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

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: