Question on: JAMB Accounting - 2001
Use the information below to answer questions
Subscription received during the year N30,000
Subscription owed last year N4,000
Subscription received for next year N6,000
The N6,000 subscription received is?
Subscription received during the year N30,000
Subscription owed last year N4,000
Subscription received for next year N6,000
The N6,000 subscription received is?
A
current asset
B
current liability
C
fixed asset
D
capital
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Correct Option: B
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