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Commerce · Q2907

Accounting

Graduate and Post Graduate · Commerce · question 2907

Q2907

Subscriptions for the current year received during the current year are to be . . . . . . . .

A.
credited to receipts and payments account
B.
debited to income and expenditure account
C.
credited to income and expenditure account
Answer
D.
credited to revenue account

Answer: Option C

Solution

Answer: Option C
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