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Use the information below to answer questions Subscription received during the...


Question

Use the information below to answer questions

Subscription received during the year ₦30,000

Subscription owed last year ₦4,000

Subscription received for next year ₦6,000

The ₦6,000 subscription received is?

Options

A)
current asset
B)
current liability
C)
fixed asset
D)
capital

The correct answer is B.


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