Given:
Subscription in arrears 01/10/06..............
Given:
Subscription in arrears 01/10/06...........N2,000
Subscription in advance 01/10/06...........N1,500
Subscription paid during the year..........N7,000
Subscription in arrears 31/12/06...........N3,000
Determine the amount of subscription included in the income and expenditure account for the year?
N3500
N7000
N9500
N13,500
Correct answer is C
No explanation has been provided for this answer.
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