Q. A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case (Solved)
1. P&L A/C is debited with ` 1,400
2. P&L A/C is debited with ` 1,200
3. 200 is shown as current asset
4. Both (b) and (c) above
- d. Both (b) and (c) above