Accounts - Principles of Accounts
JAMB 2001
Given:
PTF Trial Balance [Extract] as at 31 December, 1999
Dr Cr
N'000 N '000
Cash 2,000
Investments 3,000
Accounts receivable 6,000 11,000
Fund balance 11,000 11,000
Assuming all the investments realized N4m, what will be the endig fund balance?
-
A.
N8m
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B.
N 11M
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C.
N12M
-
D.
N15M
Correct Answer: Option C
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