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
If only 1/2 of the investments is sold for N2m and N5m realized from the accounts receivable what will be the balance of the fund?
-
A.
N9M
-
B.
N11M
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C.
N13M
-
D.
N16M
Correct Answer: Option B
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