Subscription in arrears is treated in the balance sheet of a club as

FINANCIAL
JAMB 2014

Subscription in arrears is treated in the balance sheet of a club as

  • A. current asset
  • B. current liability
  • C. fixed asset
  • D. intangible asset

Correct Answer: B. current liability



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 Your email address will not be published.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 *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.