Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 8 - No. 18)
The amount of the Singapore Altimus measured the following information for the year ended 14 October 2013, indicating clearly the amount to transfer to the income and expenditure account.
a)
b)
c)
d)
Explanation
Total subscription income is calculated after adjusting for prepayments and arrears.
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