Subscription in arrears are

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Accounts - Principles of Accounts JAMB 1995

Subscription in arrears are

  • Credited to the income and expenditure account and shown as a liability in the balance sheet
  • debited to the income and expenditure account and shown as an asset in the balance sheet checkmark
  • credited to the income and expenditure account and shown as a liability in the balance sheet
  • debited to the income and expenditure account and shown as a liability in the balance sheet

The correct answer is: B

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