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Given: Subscription in arrears 01/10/06...........N2 000 Subscription in advance ...

Given:
Subscription in arrears 01/10/06...........N2 000
Subscription in advance 01/10/06...........N1 500
Subscription paid during the year..........N7 000
Subscription in arrears 31/12/06...........N3 000
Determine the amount of subscription included in the income and expenditure account for the year?

A. N3500
B. N7000
C. N9500
D. N13 500




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