Use the following information to answer the given question

\(\begin{array}{c|c} & Le \\ \hline \text{Cash in hand} & 15,000\\ \text{Balances as at 1st January, 2005:} & \\ \text{Subscriptions in arrears} & 6,000\\ \text{Subscription in advance} & 2,500\\ \text{Subscriptions received} & 18,000\\ \text{Expense for the year} & 6,500\\ \text{Balances as at 31st December, 2005:} & \\ \text{Subscriptions in arrears} & 3,000 \\ \text{Subscriptions in advance} & 1,500\end{array}\)

Accumulated fund at the beginning of the year was

Similar Questions

Which of the following accounts or statements is used to determine credit purchase figures in i...

When a transaction is completely left out from the books, it is an error of ...

Given: Cost of raw materials issued to production.....N37000 Opening stock of raw material...........

A partnership deed is used to____________ ...

Receipt and payments account of a non-profit making organization is principally a summary of the? ...

Which of the following is the equation for determining net profit or loss from the records of a firm...

Use the following information to answer this question The following are the final accounts of a t...

Profit expressed in relation to cost of goods sold is ...

  ₦   ₦ Bal. b/f 3,250 ...

Which of the following transactions is a revenue expenditure? ...