Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 9 - No. 32)
In a club or society, what does 'arrears' of subscriptions refer to?
Subscriptions paid in advance
Subscriptions owed by members but not yet paid
Total subscriptions received
Subscriptions paid in cash
Explanation
'Arrears' refer to subscriptions that are due but not yet paid by the members.
Comments (0)
