Out of the following items, which is shown in the ‘Receipts and Payments A/c’ of a not for profit organisation?
A. Subscription received in advance
B. Last year subscription received
C. Current year subscription received
D. All of the above
Answer:D
Out of the following items, which is shown in the ‘Receipts and Payments A/c’ of a not for profit organisation?
A. Subscription received in advance B. Last year subscription received C. Current year subscription received D. All of the above