Maharashtra State BoardHSC Arts 12th Board Exam
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Fees Paid by Persons to Become Members of a ‘Not for Profit’ Concern. - Book Keeping and Accountancy

Fees paid by persons to become members of a ‘Not for Profit’ concern.

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Solution

Subscription

Explanation:

Subscription is the main source of income for a NPO. It is basically the amount that is paid by the members of a NPO for continuing their membership with the organisation. This payment is made periodically (generally yearly) by the members.
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