CIMA Fundamentals of financial accounting BA3 Question # 47 Topic 5 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 47 Topic 5 Discussion

BA3 Exam Topic 5 Question 47 Discussion:
Question #: 47
Topic #: 5

The correct journal entries for subscriptions paid in advance is:


A.

Debit: Receivables account Credit: Subscriptions account


B.

Debit: Subscriptions accounts Credit: Payables


C.

Debit: Receivables Credit: Cash


D.

Debit: Cash Credit: Payables


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