Question on: JAMB Accounting - 2015
Use the following information to answer this question.
Club building 400,000
Subscription prepaid 3,000
Sport kits 150,000
Bar creditors 85,000
Subscription owing 32,000
What is the club’s accumulated fund?
A
N699, 000
B
N641, 000
C
N402, 000
D
N605, 000
Ask EduPadi AI for a detailed answer
Correct Option: A
Total asset less current liabilities
400000 + 205000 + 150,000 + 32000– 85000– 3000 = 699000
Add your answer
Please share this, thanks!
No responses