Question on: JAMB Accounting - 1995
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
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses