Accountancy, asked by ayeshakhan89997, 10 months ago

Fill in the blank :Subscription received from members is considered as _______ receipt ​

Answers

Answered by sg1696869
1

Answer:

An advance receipt of subscription from a member is an income received in advance. So it is treated as liability.

Answered by kasturirajshaw
1

Answer:

subscription received from members is considered as liability receipt

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