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  4. A club received the following life membership fees in each of it's first two years...

A club received the following life membership fees in each of it's first two years...

A club received the following life membership fees in each of it's first two years
Year 1 #300,000
Year 2 #160,000
The clubs policy is to take credit for life membership fees in equal amounts over 10years determine the amount to be transferred to income and expenditure account in year 2?
In Accounting
1 Answers Available
Asked by Sukurat on 14th August, 2022
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free