Social Club Subscription (Extract)
31/12/2009 Subscription accrued #18,900
Subscription received in advance #16,400
Subscription received during
the year 2009 #38,570
What is the amount of subscription to be shown as liability in the balance sheet as at December 2009?
#14,200
#16,400
#18,900
#20,500
Correct answer is C
No explanation has been provided for this answer.