Social Club Subscription (Extract)
31/12/2009 Subscription accrued ₦18,900
Subscription received in advance ₦16,400
Subscription received during
The year 2009 ₦38,570
What is the amount of subscription to be shown as liability in the balance sheet as at December 2009
Options
A) ₦14,200
B) ₦16,400
C) ₦18,900 >>>>>>>>>>
D) ₦20,500
The correct answer is C.
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