Use the information below to answer questions Subscription received during the year N30,000 Subscription owed…

Accounts - Principles of Accounts JAMB 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

What is the subscription to be charged to income and expenditure account?

  • N36,000
  • N34,000
  • N30,000
  • N20,000 checkmark

The correct answer is: D

Explanation

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