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Subscription in arrears are
Question 1
Report
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
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
Answer Details
Read lesson note on Accounts Of Not-for-profit Making Organizations (WAEC)
Read lesson note on Nature And Significance Of Accounting (JAMB)
Accounts Of Not-for-profit Making Organizations
Nature And Significance Of Accounting
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