JAMB Principles of Accounts 2001 Question 50

Use the information below to answer questions 49 and 50.
Given:
PTF Trial Balance [Extract] as at 31 December, 1999 (Dr ₦'000; Cr ₦'000)
Cash 2,000
Investments 3,000
Accounts receivable 6,000
Fund balance — ; 11,000
Totals 11,000 ; 11,000
If only ⅓ of the investments is sold for ₦2m and ₦5m realized from the accounts receivable, what will be the balance of the fund?

1. A.₦9m
2. B.₦11m
3. C.₦13m
4. D.₦16m.