Question 0

A member of a club paid N1,000 as is subscription for 1993 and N1,200 as subscription for 1992. If the financial year of the society ended on 31st December 1993, the N1,200 subscription will be treated in the balance sheet as

  • A.current asset
  • B.current liability
  • C.capital
  • D.profit
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1995
Question no.
#0
Type
Objective

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