Accountancy, asked by sgur903, 3 months ago

Subscription received in advance is ​

Answers

Answered by riki52
0

Answer:

......m.......................

Answered by Anonymous
5

Answer:

an asset.

Explanation:

Subscription received is an income which need to be accounted for as an income if it relates to the financial year. Any advance subscription is a liability and to be shown in balance sheet.

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