Given: Subscriptions received.........N200 000 Subscriptions owed.............N10 000 Subscriptions in advance.......N25 000 Calculate the subscription in the income and expenditure account?

Given:

Subscriptions received.........N200 000

Subscriptions owed.............N10 000

Subscriptions in advance.......N25 000

Calculate the subscription in the income and expenditure account?

A N200 000
B N235 000
C N185 000
D N225 000

jamb 2006 accounting

The correct answer is C. N185 000

No explanation given

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