A receipt of subscription outstanding from a member of the non-profit organisation is considered as a/an __________.

An Expense

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A Liability

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An Equity

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An Asset

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Solution

The correct option is D
An Asset

A receipt of subscription outstanding from a member of the non-profit organisation is considered as an asset.

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An advance receipt of subscription from a member of the non-profit organisation is considered as a/an

Q. An advance receipt of subscription from a member of the non profit organization is considered as a/an _______________.

Q. A receipt of subscription outstanding from a member of the NPO is considered as a/an in the balance sheet.

Q. Outstanding subscription for a non-profit organization is considered as a/an ____________.

From the following information, calculate the amount of subscriptions outstanding as on 31st March, 2009 :

A club has 250 members each paying an annual subscription of Rs 1,000. The Receipts & Payments account for the year showed a sum of Rs 2,65,000 received as subscriptions. The following additional information is provided.

$\begin{matrix} Rs Subscriptions Outstanding on 31st March, 2008 & 40, 000 Subscriptions Received in advance on 31st March, 2009 & 30, 000 Subscriptions Received in advance on 31st March, 2008 & 12, 000 \end{matrix}$

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A receipt of subscription outstanding from a member of the non-profit organisation is considered as a/an __________.

The correct option is D An Asset A receipt of subscription outstanding from a member of the non-profit organisation is considered as an asset.

The correct option is D
An Asset

A receipt of subscription outstanding from a member of the non-profit organisation is considered as an asset.