Subscription in arrears are
...Subscription in arrears are
Credited to the income and expenditure account and shown as a liability in the balance sheet
Debited to the income and expenditure account and shown as an asset in the balance sheet
Credited to the income and expenditure account and shown as a liability in the balance sheet
Debited to the income and expenditure account and shown as a liability in the balance sheet
Correct answer is B
No explanation has been provided for this answer.
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Quick ratio is calculated as X-Y:Z, where ...
Which of the following bases of accounting does not make allowance for depreciation? ...
Where there is no agreement made by the partners, the following provisions takes place except ...
The necessary accounts to be opened on the issue of ordinary share capital are? ...
Given: Furniture and fittings..................N20,000 Equipment...............................N...