Given:PTF Trial Balance [Extract] as at 31 December, 1999Dr CrN'000 N '000Cash 2,0...

Question

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 ₦2m and ₦5m realized from the accounts receivable what will be the balance of the fund?

Options

B)

₦11M