i m a accounting student

timer Asked: Jan 12th, 2016

Question description

-->Following balances are related to Neeclus sports club:

Net  book value ass at 01st January 2016

  1. Buildings 110,000
  2. Furniture & fittings:30,500
  3. sports items:19,000
  4. Accrued expenses as at 31st December 2016:1,000
  5. Bank favorable balance as  at 31st December 2016: 9,000
  6. December for  the  year  ended 31st  December 2016: 5,400
  7. Deficit for  year ended  31st December 2016: 5,000
No Property, Plant & Equipment has been acquired or disposed during the year.

What is the balance of the Accumulated Fund Account as at 31st December 2016?

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