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Question
Answer in one sentence only.
What do you mean by subscription?
One Line Answer
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Solution
Subscription is the main source of income of a not-for profit organisation. It is shown on the credit side (i.e. the income side) of the Income and Expenditure Account. It is in the form of membership fees received from the members of an organisation every year.
shaalaa.com
Additional Information - Subscription Received in Advance
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