Maharashtra State BoardHSC Commerce 12th Board Exam
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Outstanding subscription at the end of the Accounting Year represents _______. - Book Keeping and Accountancy

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MCQ
Fill in the Blanks

Outstanding subscription at the end of the Accounting Year represents _______.

Options

  • Liability

  • An Expenditure

  • An Asset

  • Capital Fund

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Solution

Outstanding subscription at the end of the Accounting Year represents an Asset.

Concept: Income and Expenditure Account
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2 (Objective Type Questions) | Q 1. A) 4. | Page 111
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