i m a accounting student

SoccerBoss
Category:
Accounting
Price: $5 USD

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?

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
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