(A) P&L A/C is debited with 1,400 (X)
(B) P&L A/C is debited with 1,200 (X)
(C) 200 is shown as current asset (X)
(D) Both B. and C. above ()
Answers: A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case Both B. and C. above.