Subscription received by a school for organising annual function is treated as :

Capital Receipt

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Revenue Receipt

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Asset

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Earned Income

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Solution

The correct option is A
Capital Receipt

Subscription received by a school for organising annual function is treated as Capital Receipt (i.e. liability)

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Similar questions

Q. Subscription received by an organisation is a .

Subscription received by an organisation is a ____________.

Q. From the following information, calculate amount of subscriptions outstanding for the year ended 31st March, 2019:
A club has 200 members each paying an annual subscription of ₹ 1,000. The Receipts and Payments Account for the year showed a sum of ₹ 2,05,000 received as subscriptions. The following additional information is provided :

	₹
Subscriptions Outstanding on 31st March, 2018	30,000
Subscriptions Received in Advance on 31st March, 2019	40,000
Subscriptions Received in Advance on 31st March, 2018	14,000

Q. Subscription received in 2017-18 is Rs.7,50,000 & received in advance as on 31.03.2018 is Rs.40,000. The subscription income for the year 2017-18 is .

As per Receipts and Payments Account for the year ended on March 31,2012, the subscriptions received is Rs 2,50,000. Additional information given is as follows:

(i) Subscription Outstanding on 1.4.2011; Rs 50,000.

(ii) Subscription Outstanding on 31.3.2012; Rs 35,000.

(iii) Subscription Received in Advance as on 1.4.2011; Rs 25,000.

(iv) Subscription Received in Advance as on 31.3.2012; Rs 30,000. Ascertain the amount of income from subscriptions for the year 2011-12.

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Subscription received by a school for organising annual function is treated as :

The correct option is A Capital Receipt Subscription received by a school for organising annual function is treated as Capital Receipt (i.e. liability)

The correct option is A
Capital Receipt

Subscription received by a school for organising annual function is treated as Capital Receipt (i.e. liability)