Question on: JAMB Accounting - 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
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Correct Option: C

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