A club provided the following information for a year. $ Receipts 21 600 Payments 20 000 Depreciation charged for the year 1 250 Accumulated fund at the year end 15 800 There were no accruals and prepayments and there had been no capital expenditure or capital receipts. What was the accumulated fund at the start of the year?

Source: Specimen Paper 1 (2020 syllabus) · 28 · 2020