Subscription in arrears 01/10/06...........N2 000
Subscription in advance 01/10/06...........N1 500
Subscription paid during the year..........N7 000
Subscription in arrears 31/12/06...........N3 000
Determine the amount of subscription included in the income and expenditure account for the year?
A.
N3500
B.
N7000
C.
N9500
D.
N13 500
Correct Answer: Option C
Explanation
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