JAMB - Accounts Principles Of Accounts (2000 - No. 36)

Yola Social Club
Statement of Account 1998 financial year
31/12/98:
Subscription in arrears N21,000
Subscription in advance N12,000
Receipt during 1999:

Arrears 1998 N21,000
Dues 1999 N48,000
Advance 2000 N11,000

The subscription transferable to the income and expenditure account is?
N48,000
N59,000
N60,000
N69,000

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