Accountancy, asked by Umama8625, 6 months ago

How annual subscription is dealt with in the final accounts of not for profit organization?

Answers

Answered by divyansh5144

Explanation:

A)Outstanding Subscription Of that year is recorded on debit side of Income and Expenditure A/c and also shown in the Balance Sheet of Current year in the Assets Side. 2. Specific Donation-Shown in the Balance Sheet in Liabilities Side.

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