Given: ..............Rich Social Club........... Cash.........................N100,000 Loan ........................N30,000 Subscription in arrears......N5,000 Subscription in advance......N15,000 What is...

JAMB 2003

Given:
..............Rich Social Club...........
Cash.........................N100,000
Loan ........................N30,000
Subscription in arrears......N5,000
Subscription in advance......N15,000
What is the accumulation fund?

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

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Correct Answer: Option A

Explanation

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