Question

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

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

Answer 1

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.

Answer 2

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..