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
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
400 Level Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…
