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?

Similar Questions

The business entity concept ...

Which of the following is both a subsidiary book and a ledger? ...

A stock as a form of capital of a company comprises ...

The objective of departmental account is to ...

The practice of identifying with one constant approach where a number of approach exist for solving ...

Purchase of goods of N2,000 was treated as sales and entered in the sales day book and had been carr...

A chain store is known as? ...

The prudence concept demands that  ...

Debtors Control Account is kept in the  ...

Which of the following is not true of a trial balance? ...