Youngsters Club has a membership of 115 persons... - WAEC Accounting 2007 Question
Youngsters Club has a membership of 115 persons. Each member pays an annual subscription of ₦50. During the year ended 31st December 2005, 8 members had not paid their subscriptions. using the information, the subscriptions shown in the Balance sheet as at 31st December 2005 is
A
₦400(asset)
B
₦150(asset)
C
₦150(liability)
D
400(liability)
correct option: a
Please share this, thanks:
Add your answer
No responses