Question
Following is the statement of changes in fiduciary net assets for the year December 2019- Private purpose trust fund Particulars Amount (OMR) Contributions 60,000 Administrative
Following is the statement of changes in fiduciary net assets for the year December 2019- Private purpose trust fund
Particulars | Amount (OMR) |
Contributions | 60,000 |
Administrative cost of managing the fund | 900 |
Increase in the fair value of investments | 1,800 |
Benefits provided to beneficiaries | 42,000 |
Interest received from investments | 700 |
Net asset at the beginning of the year | 12,000 |
From the above statement of changes in fiduciary net assets for the year December 2019- Private purpose trust fund, find total additions.
a-OMR 62,500
b-OMR 74,500
c-OMR 19,600
d-None of them
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