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Question on: JAMB Accounting - 2003

Given:
..............Rich Social Club...........
Cash.........................N100,000
Loan ........................N30,000
Subscription in arrears......N5,000
Subscription in advance......N15,000
What is the accumulation fund?
A
N60,000
B
N80,000
C
N90,000
D
N110,000
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Correct Option: A

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