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Answer in One Sentence Only. What Do You Mean by Subscription? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
What do you mean by subscription?

एका वाक्यात उत्तर

उत्तर

Subscription is the main source of income of a not-for profit organisation. It is shown on the credit side (i.e. the income side) of the Income and Expenditure Account. It is in the form of membership fees received from the members of an organisation every year.

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Additional Information - Subscription Received in Advance
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Accounts of 'Not For Profit' Concerns - Exercise 1 [पृष्ठ २२७]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 7 Accounts of 'Not For Profit' Concerns
Exercise 1 | Q 8 | पृष्ठ २२७
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