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Given:

<...

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

View answer & explanation

Correct answer is B

Accumulated fund = Assets - liabilities
10,000 + 15,000 + 3500 - 4500 + 3000 + 150
28,500 - 7650
₦20,850

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