P Ltd Provides Management Services to Its Subsidiary Company S $\quad\quad\$ 100,000$

Multiple Choice

P Ltd provides management services to its subsidiary company S Ltd for $100 000 per year.At the end of the current year,S Ltd owes $20 000 of this fee.The entry required on consolidation is:

A) Dr. Management Fee Revenue $\quad\quad\$ 100,000$
Cr. Management Fee Expense $\quad\quad\$ 100,000$
B) Dr. Management Fee Revenue $\quad\quad\$ 100,000$
Cr. Management Fee Expense $\quad\quad \$ 100,000$
Dr. Accrued Fees Payable $\quad\quad\quad\quad\$ 20,000$
Cr. Accrued Fees Receivable $\quad\quad\quad \$ 20,000$
C) Dr. Management Fees Revenue $\quad\quad\$ 80,000$
Cr. Management Fees Expense $\quad\quad\$ 80,000$
D) none of the above