Question

What will the treatment of subscription reaceived in advance during the current year in the balance sheet of not for profit organization.

Answer 1

Subscription received in advance during the current year must be subtracted from the total subscriptions received during the current year.

Answer 2

ʜᴇʏ ᴍᴀᴛᴇ✌✌

ᴛʜᴇ ᴛʀᴇᴀᴛᴍᴇɴᴛ ᴏғ sᴜʙsᴄʀɪᴘᴛɪᴏɴ   ʀᴇᴀᴄᴇɪᴠᴇᴅ ɪɴ ᴀᴅᴠᴀɴᴄᴇ ᴅᴜʀɪɴɢ ᴛʜᴇ   ᴄᴜʀʀᴇɴᴛ ʏᴇᴀʀ ɪɴ ᴛʜᴇ ʙᴀʟᴀɴᴄᴇ sʜᴇᴇᴛ  ᴏғ  ɴᴏᴛ ғᴏʀ ᴘʀᴏғɪᴛ ᴀᴅᴠᴀɴᴄᴇ  sᴜʙsᴄʀɪᴘᴛɪᴏɴ  ʀᴇᴄᴇɪᴠᴇᴅ ɪɴ ᴄᴜʀʀᴇɴᴛ ʏᴇᴀʀ ᴡɪʟʟ ʙᴇ  sᴜʙᴛʀᴀᴄᴛᴇᴅ ғʀᴏᴍ ᴛᴏᴛᴀʟ sister ᴏғ  ᴅᴜʀɪɴɢ ᴄᴜʀʀᴇɴᴛ ʏᴇᴀʀ.

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