Subscription in arrears are
FINANCIAL
POST UTME UI
Subscription in arrears are
- A) credited to the income and expenditure account and shown as a liability in the balance sheet
- B) debited to the income and expenditure account and shown as an asset in the balance sheet
- C) credited to the income and expenditure account and shown as an asset in the balance sheet
- D) debited to the income and expenditure account and shown as a liability in the balance sheet
Correct Answer: C) credited to the income and expenditure account and shown as an asset in the balance sheet
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 Your email address will not be published.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 *