Question on: JAMB Accounting - 2001

Given:

PTF Trial Balance [Extract] as at 31 December, 1999

Dr Cr

       N'000    N '000<br />

Cash 2,000

Investments 3,000

Accounts receivable 6,000 11,000

Fund balance 11,000 11,000

Assuming all the investments realized N4m, what will be the endig fund balance?

A
N8m
B
N 11M
C
N12M
D
N15M
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Correct Option: C

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