Roneta Fitness Club has 200 members at the end of the year. The membership fee is R250 per member per year, irrespective of when they joined. 20 members have paid their membership fees forthe next year, and 10 members have not yet paid their membership fees for the current year. What is the contra account that will be used to record the amount not yet paid by the 10 members? Current asset Income received in advance Accrued income Accrued expense

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The contra account is **Accrued income**. In this scenario, the contra account that will be used to record the amount not yet paid by the 10 members is **Accrued income**. Here's the reasoning: - **Accrued income** refers to income that has been earned but not yet received. In this case, the membership fees for the current year have been earned (since the members are part of the club), but 10 members have not yet paid. - **Income received in advance** would apply if members had paid for services that would be provided in the future, which is not the case here for the 10 members. - **Current asset** is a category of accounts but does not specifically describe the nature of the amount owed. - **Accrued expense** refers to expenses that have been incurred but not yet paid, which does not apply in this situation. Therefore, the correct answer is **Accrued income**.

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