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Ambrose Pays a Subscription to a Trade Association Annually in Advance

Question 25

Multiple Choice

Ambrose pays a subscription to a trade association annually in advance on 1 January each year.Payments on 1 January 20X1, 20X2 and 20X3 were: Ambrose pays a subscription to a trade association annually in advance on 1 January each year.Payments on 1 January 20X1, 20X2 and 20X3 were: What figure will appear in Ambrose's statement of profit or loss for the year ended 30 April 20X2 in respect of the subscription (to the nearest £) ? A) £4350 B) £4400 C) £4500 D) £4550 What figure will appear in Ambrose's statement of profit or loss for the year ended 30 April 20X2 in respect of the subscription (to the nearest £) ?


A) £4350
B) £4400
C) £4500
D) £4550

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