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question_answer Discussion Board for a Question on Quiz: Accounts - Principles of account (WAEC 2010)

46 Questions · Public · Objective · Quiz suitable for all ages

10 Click Here To Discuss Question

Subscriptions received in advance are

Select 1 Option (1 Mks)
  • included in the income and expenditure account
  • not included in the receipts and payment account
  • shown as a curren asset in the balance sheet
  • shown in the Balnce Sheet as a current liability
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