Subscription in arrears are - JAMB Accounting 1995 Question
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 a liability in the balance sheet
D
debited to the income and expenditure account and shown as a liability in the balance sheet
correct option: b
Please share this, thanks:
Add your answer
No responses