Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

The treasurer of a sports club supplied the details below. clubhouse and sports fields were valued at $250\,000$ sports equipment was valued at $80\,000$ cash at bank amounted to $12\,000$ bank loan stood at $14\,000$ subscriptions accrued totalled $2\,800$ What was the amount of the accumulated fund?

  • A$325\,200$
  • B$328\,000$
  • C$330\,800$
  • D$342\,000$

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