Given:
| ₦ | |
| Equipment | 10,000 |
| Motor Vehicle | 15,000 |
| Loan | 4,500 |
| Creditors | 3,000 |
| Sub in advance | 150 |
| Sub in arrears | 3500 |
A. ₦14,150
B. ₦20,850
C. ₦21,850
D. ₦14,200
Correct Answer: Option B
B. ₦20,850
Explanation
Accumulated fund = Assets – liabilities
10,000 + 15,000 + 3500 – 4500 + 3000 + 150
28,500 – 7650
₦20,850
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