whu the items appearing in receipt side of non profit organization appear in either income side or on the liability side . explain
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A)Outstanding Subscription Of that year is recorded on debit side of Income and Expenditure A/c and also shown in the Balance Sheet of Current year in the Assets Side. 2. Specific Donation-Shown in the Balance Sheet in Liabilities Side. ... E)Life membership fee will be shown in Liability side of Balance Sheet.
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