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प्रश्न
Complete the following sentence.
______ is a membership fee paid by the member on annual basis. This is the main source of income for such organizations.
विकल्प
Subscriptions
Endowment Fund
Special Funds
Payments of Honorarium
MCQ
रिक्त स्थान भरें
उत्तर
Subscriptions are a membership fee paid by the member on annual basis. This is the main source of income for such organizations.
Explanation:
A subscription is an annual membership fee paid by the member. Such organizations' primary source of revenue is this. Members' subscriptions are recorded as receipts in the Receipt and Payment Account and as income in the Income and Expenditure Account.
shaalaa.com
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