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

The need for changes in accounting theory in Nigeria was influenced by the ...

\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...

The process of recording financial transactions of government is ...

Which of the following is true of the uses of the journal proper?  i. correction of errors.&nb...

Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...

Opening balance           10,640 Purchases       ...

The receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in a p...

Which of the following is not an external user of accounting information? ...

An officer that is charged with the responsibility of carrying out investigations on the book of acc...

The depreciation method in which the number of years of the useful life of an asset is allocated in ...