Yola Social Club 
Statement of Account 1998 financial year
31/12/98:
Subscription in arrears N21,000
Subscription in advance N12,000
Receipt during 1999: 

Arrears 1998 N21,000
Dues 1999 N48,000
Advance 2000 N11,000 

The subscription transferable to the income and expenditure account is

Similar Questions

Aduke Motors bought three Toyota Hilux vans on cash at the cost of #6,000,000, on debiting the vehic...

The method that provides a reliable check upon cash and stock at the branch and discloses the gross ...

If goods were returned to branch by the customers, the correct posting for this transaction is to de...

On Ist January, 1993, lobo Company purchased equipment for N18,000. it uses straight-line depreciati...

Ordinary shareholders received dividend before? ...

Payment to creditors ₦12,250 Creditors at start ₦550 Creditors at end ₦830 What is the cr...

The purchase of a typewriter for office use for N2,500 should be debited to ...

Rent owing as at 31st December 1998, N800. Rent paid up to 31st December 1998, N1,700. Rent owing as...

\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...

A trader adds 25% on cost as profit. The profit on sales of $300,000 would be  ...