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

Expenses

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Liability

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Equity

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Asset

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Solution

The correct option is D Asset
Subscription is a annual charge paid by the members of the organisation to receive or avail service or information. It is an income for the organisation and if income is outstanding or say yet to be received it will be an asset for the company hence, will be shown under the head current assets.

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