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Accounts (Principles of Accounts) · Accounts of not-for-profit organisations

Accounts (Principles of Accounts)Accounts of not-for-profit organisationsWAEC

A club has 100 members paying ₦2,000 each for the year; 5 members have not paid by the year end. How much subscription income is credited to the income and expenditure account?

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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