Subscription prepared by members is recorded in the balan...
Subscription prepared by members is recorded in the balance sheet of a club as a
Current liability
Current asset
Fixed asset
Long term liability
Correct answer is A
No explanation has been provided for this answer.
The objectively of accounting information is enable users to ...
Net profit of a sole proprietor is transferred to the ...
PQ Manufacturing Company Raw materials (1/11/2001)...........N3 500 Raw materials (31/12/2001).....
The item on the credit side of the trading account is the? ...
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received...
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7,800.............