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What is the accumulation fund?

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
Correct Answer: Option A
Explanation