Use the information below to answer the question that follows:On January 1,2000,...

Question

Use the information below to answer the question that follows:

On January 1,2000, a club's assets and liabilities were as follows:

The club has 50 members and annual subscription is ₦100 per member.

Subscription received is ₦4,000 and this includes 1999 arrears of ₦200.

The accumulated fund is

Options

C)

₦9,200