Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received in advance #16,400 Subscription received
FINANCIAL
JAMB 2014
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
- A. #14,200
- B. #16,400
- C. #18,900
- D. #20,500
Correct Answer: C. #18,900
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