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प्रश्न
Subscription received in advance during the accounting year is _______.
पर्याय
An income
- An expenditure
An asset
A liability
MCQ
रिकाम्या जागा भरा
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उत्तर
Subscription received in advance during the accounting year is a liability.
Explanation:
Subscription income which is not related to the current year but received during the year is known as income received in advance. It is also known as unearned income and therefore, these are shown on the Liabilities side of the Balance Sheet.
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या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [पृष्ठ ११२]
