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Commerce · Q2192

Accounting

Graduate and Post Graduate · Commerce · question 2192

Q2192

Subscriptions outstanding from the members of a club are shown on the:

A.
Liability side of the Balance Sheet
B.
Assets side of the Balance Sheet
Answer
C.
Debit side of the Income and Expenditure Account
D.
Payment side of Receipt and Payment Account

Answer: Option B

Solution

Answer: Option B
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