A member of a club paid N1,000 as is subscription for 199...
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
Current asset
Current liability
Capital
Profit
Correct answer is B
No explanation has been provided for this answer.
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