Accountancy, asked by atharvaghag2, 27 days ago

Which is the major source of revenue income for not for profit concerns

A. Subscription
B. Donations
C. Legacies
D. Entrance fees

Answers

Answered by iccyygirl04456

Answer:

Usually subscription is a major source of revenue income for 'Not for Profit' concerns. Explanation: It is the main source of income for a not-for-profit organisation. It is recorded on the credit side, i.e. the income side of the Income and Expenditure Account.

Outstanding Subscriptions: 3,000

Capital Fund: 1,51,960

Explanation:

hope it's helpful.

Answered by meet2410

Usually subscription is a major source of revenue income for 'Not for Profit' concerns. Explanation: It is the main source of income for a not-for-profit organisation.

Therefore, option A, subscription..

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