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Commerce · Q2633

Accounting

Graduate and Post Graduate · Commerce · question 2633

Q2633

Subscription in arrears (given in adjustment) is shown on the . . . . . . . .

A.
credit side of income and expenditure account and assets side of balance sheet
Answer
B.
debit side of the income and expenditure and liabilities side of the balance sheet
C.
only in the assets side of balance sheet
D.
only in the liabilities side of balance sheet

Answer: Option A

Solution

Answer: Option A
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