Yola Social Club
Statement of Account 1998 financial year
31/12/98:
Subscription in arrears N21,000
Subscription in advance N12,000
Receipt during 1999:
Arrears 1998 N21,000
Dues 1999 N48,000
Advance 2000 N11,000
The subscription transferable to the income and expenditure account is?
A.
N48,000
B.
N59,000
C.
N60,000
D.
N69,000
Correct Answer: Option C
Explanation
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