The main source of income for non-profit concern is:

Subscription

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Sales

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Dividend on investment

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Entrance fee

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Solution

The correct option is A
Subscription

The main source of income for non-profit concern is subscription

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Q. A non-profit organization received 210,000 as the entrance fee of a new member. If 50% of the fees has to be capitalized, what is the amount of fees needs to be shown in the income and expenditure account ?

A non-profit organization received Rs. 10,000 as the entrance fee of a new member. If 20% of the fee has to be capitalized, what is the amount of fee needs to be shown in the income and expenditure account?

Explain the following terms : Entrance fees, Legacy, Specific donations, Subscription.

Entrance fee is shown on which side of income and expenditure account?

Under which head the following items of a financial company will be shown :

(i) Dividend received (ii) Interest earned (iii) Profit on sale of fixed asset and (iv) Profit on sale of investments, and (v) Refund of Income Tax.

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The main source of income for non-profit concern is:

The correct option is A Subscription The main source of income for non-profit concern is subscription

The correct option is A
Subscription

The main source of income for non-profit concern is subscription