[Solved] A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case

Q.	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» D. Both (b) and (c) above

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