Given: Subscriptions received………N200 000 Subscriptions owed………….N10 000 Subscriptions in advance…….N25 000 Calculate the subscription in…

Accounts - Principles of Accounts JAMB 2006

Given:

Subscriptions received………N200 000
Subscriptions owed………….N10 000
Subscriptions in advance…….N25 000

Calculate the subscription in the income and expenditure account?

  • N200 000
  • N235 000
  • N185 000 checkmark
  • N225 000

The correct answer is: C

Explanation

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