Youngsters Club has a membership of 115 persons. Each member pays an annual subscription of ₦50. During the year ended 31st December 2005, 8 members had not paid their subscriptions. using the information, the subscriptions shown in the Balance sheet as at 31st December 2005 is
a
₦400(asset)
b
₦150(asset)
c
₦150(liability)
d
400(liability)
Explanation
Correct Option
aNo explanation available
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