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The subscription paid in advance is treated in the balance sheet of a club as?
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2011
Accounts Of Not-For-Profit-Making Organizations
Statement Of Financial Position (Balance Sheet)
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The subscription paid in advance is treated in the balance sheet of a club as?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
A surplus
B
A liability
C
A deflicit
D
An asset
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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Study Subjects
Accounts - Principles of Accounts
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