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.