What is the accumulation fund?

Given:

…………..Rich Social Club………..
Cash…………………….N100,000
Loan ……………………N30,000
Subscription in arrears……N5,000
Subscription in advance……N15,000

A. N60,000
B. N80,000
C. N90,000
D. N110,000

Correct Answer:

Option A – N60,000