Use the following information to answer this question.
Club building 400,000
Subscription prepaid 3,000
Sport kits 150,000
Bar creditors 85,000
Subscription owing 32,000
What is the club’s accumulated fund?
A N699, 000
B N641, 000
C N402, 000
D N605, 000
Answer is A
400000 + 205000 + 150,000 + 32000– 85000– 3000 = 699000
