Subscription in arrears is treated in the balance sheet of a club as
a
current asset
b
current liability
c
fixed asset
d
intangible asset
Explanation
Correct Option
bNo explanation available
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Discussions (3)
Tubdul07
7 years ago
The answer is not correct.
the correct answer is A. Current asset. The subscription in arrears is an asset in non-profit making a/ct. myschool please make correction
Activist Boyé
11 years ago
The answer is a. Asset.
Subscription in arrears in a/ct of non for profit making is like debtor it must appear in the current Asset.
