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Yola Social ClubThe subscription transferable to the income and expenditure acco...


Question

Yola Social Club

Statement of Account 1998 financial year - 31/12/98:
Subscription in arrears₦21,000
Subscription in advance₦12,000
Receipt during 1999:
Arrears 1998₦21,000
Dues 1999₦48,000
Advance 2000₦11,000

The subscription transferable to the income and expenditure account is

Options

A)
₦48,000
B)
₦59,000
C)
₦60,000
D)
₦69,000

The correct answer is C.


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