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How would you account for subcriptions …

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How would you account for subcriptions received in advance in the books of non trading organisation

    • Posted by Navy Mehta 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Tanisha Garg 6 years, 10 months ago

    If it is received in previous year then it will be added to subscription that is credited to income and expenditure account and shown in the opening balance sheet.

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