MCQOPTIONS
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| 1. |
A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case |
| A. | P&L A/C is debited with 1,400 |
| B. | P&L A/C is debited with 1,200 |
| C. | 200 is shown as current asset |
| D. | Both B. and C. above |
| Answer» E. | |