Use the information below to answer questions Subscription received during the year N30,000 Subscription owed last year N4,000 Subscription received for next year N6,000 The N6,000 subscription received is?

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Accounts - Principles of Accounts Classroom
Jamb
Jamb 2001
Incomplete Records And Single Entry
Preparation Of Final Accounts From Incomplete Records
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Subscription received during the year N30,000
Subscription owed last year N4,000
Subscription received for next year N6,000
The N6,000 subscription received is?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Current asset
B Current liability
C Fixed asset
D Capital

Correct Answer: Option B

Explanation:

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Accounts - Principles of Accounts
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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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