» 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?

» 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?

The correct answer is B. N11M

No explanation given