Multiple Choice Questions on Subscription received in advance by a club are shown ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Subscription received in advance by a club are shown ........

Accountancy ( 12th) Accounting for Not-for-Profit Organisation
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    Subscription received in advance by a club are shown

    In the credit side of the income and expenditure account

    Incorrect Answer

    In the asset side of the balance sheet

    Incorrect Answer

    In the liabilities side of the balance sheet

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    In the liabilities side of the balance sheet

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