Given: Subscription in arrears 01/10/06...........N2 000 Subscription in advance 01/10/06...........N1 500 Subscription paid during the
FINANCIAL
JAMB 2008
Given:
Subscription in arrears 01/10/06...........N2 000
Subscription in advance 01/10/06...........N1 500
Subscription paid during the year..........N7 000
Subscription in arrears 31/12/06...........N3 000
Determine the amount of subscription included in the income and expenditure account for the year?
- A. N3500
- B. N7000
- C. N9500
- D. N13 500
Correct Answer: C. N9500
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *