Given Rich Social Club Cash N100 000 Loan N30 0... - JAMB Accounting 2003 Question
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?
..............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
correct option: a
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