Youngsters Club has a membership of 115 persons. Each member pays an annual subscription of ₦50. During the year ended 31st December 2005, 8 members had not paid their subscriptions. using the information, the subscriptions shown in the Balance sheet as at 31st December 2005 is
A ₦400(asset)
B ₦150(asset)
C ₦150(liability)
D 400(liability)
Answer is A
