Subscription received by an organisation is?
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Answer:
its income
Explanation:
subscription is the fee charged by the organisation from individuals to become its member or avail the services of the organisation..it is its income
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It is the income.
- It is a non-profit organization's main source of revenue. It is normally received from all ordinary members once a month.
- The fee charged by members to keep their membership active is referred to as a subscription.
- Subscription payments are considered sales receipts and are the signed agreements between the two parties.
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