Question on: JAMB Accounting - 2015
Use the following information to answer this question.
Club building 400,000
Subscription prepaid 3,000
Sport kits 150,000
Bar creditors 85,000
Subscription owing 32,000
What is the club’s total liabilities
A
N11, 700
B
N26, 700
C
N88, 000
D
N85, 000
Ask EduPadi AI for a detailed answer
Correct Option: C
i.e. creditors plus subscription in advance 85000 + 3000 = 88,000
Add your answer
Please share this, thanks!
No responses