Question on: JAMB Accounting - 2009
Given:
Furniture and fittings..................N20,000
Equipment...............................N15,000
Bank overdrafts.........................N6, 500
Bar creditors...........................N4,800
Subscription in arrears.................N4,700
Subscription in advance.................N650
What is the accumulated fund?
A
23,700
B
27,750
C
29,650
D
51,650
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Correct Option: B
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