Home
Class 12
ACCOUNTS
What will be the treatment of ' subscri...

What will be the treatment of ' subscription received in Advance ' during the current year in the Balance Sheet of a Not- for - Profit Organisation.

Text Solution

Verified by Experts

Subscription received in advance during the current year is recorded on the liability side of current year's Balance Sheet.
Promotional Banner

Topper's Solved these Questions

  • CASH FLOW STATEMENT

    DK GOEL|Exercise MULTIPLE CHOICE QUESTIONS (SELECT THE BEST ALTERNATE):|44 Videos

  • CHANGE IN PROFIT SHARING RATIO AMONG THE EXISTING PARTNERS

    DK GOEL|Exercise HOTS|25 Videos
DK GOEL-CBSE SAMPLE QUESTION PAPER - 2018- 19-Questions
  1. Land and Building (book value ) .Rs 1,60, 000 sold for .Rs 3,00,000 t...

    Text Solution

    |

  2. Why is it necessary to revalue assets and liabilities of a firm in cas...

    Text Solution

    |

  3. State any two reasons for the preparation of ' Revaluation Account ' a...

    Text Solution

    |

  4. State basis of acounting on which ' Receipt and Payment Account ' is p...

    Text Solution

    |

  5. What will be the treatment of ' subscription received in Advance ' du...

    Text Solution

    |

  6. One of the partners in a partnership firm has withdrawn . Rs 9,000 at ...

    Text Solution

    |

  7. A,B and C are partners in a firm sharing profit and lossed in the rati...

    Text Solution

    |

  8. Differentiate between ' Equity Share ' and ' Debenture ' on the basis...

    Text Solution

    |

  9. What is meant by ' Employee Stock Option Plan' ?

    Text Solution

    |

  10. On 1st April, 2018, a firm had assets of Rs. 1,00,000 excluding stock ...

    Text Solution

    |

  11. Jan Dhan Bank, an All India Financial Institution , had 10,000 , 12% d...

    Text Solution

    |

  12. Complete the following Journal Entries.

    Text Solution

    |

  13. S. Singh Limited obtained a loan of ₹ 5,00,000 from State Bank of I...

    Text Solution

    |

  14. Bhavya and Sakshi are partners in a firm, sharing profits and losses i...

    Text Solution

    |

  15. Dinesh , Alvin and Pramod are partners in a firm sharing profits and l...

    Text Solution

    |

  16. Pradeep and Rajesh were partners in a firm sharing profits and losses ...

    Text Solution

    |

  17. Mudit , Sudhir and Uday are partners in a firm sharing profits in the ...

    Text Solution

    |

  18. The partners of a firm, Aia , Bhanu and Chand distributed the profits ...

    Text Solution

    |

  19. Divya, Yasmin and Fatima are partners in a firm, sharing profits and l...

    Text Solution

    |

  20. The Balance Sheet of Adil, Bhavya and Cris as at 31st March 2018 was a...

    Text Solution

    |