Question 31

Youngsters Club has a membership of 115 persons. Each member pays an annual subscription of ₦50. During the year ended 31st December 2005, 8 members had not paid their subscriptions. using the information, the subscriptions shown in the Balance sheet as at 31st December 2005 is

  • A.₦400(asset)
  • B.₦150(asset)
  • C.₦150(liability)
  • D.400(liability)
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2007
Question no.
#31
Type
Objective

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