Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?
Option 1: assets side of the Balance Sheet
Option 2: liabilities side of the Balance Sheet
Option 3: Both 1 and 2
Option 4: None of the above

Question

Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?

Option 1: assets side of the Balance Sheet

Option 2: liabilities side of the Balance Sheet

Option 3: Both 1 and 2

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: assets side of the Balance Sheet

Solution : Subscriptions due at the end will be represented on the asset side of the Balance Sheet.
Hence, the correct option is 1.

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Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?Option 1: assets side of the Balance SheetOption 2: liabilities side of the Balance SheetOption 3: Both 1 and 2Option 4: None of the above

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Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?
Option 1: assets side of the Balance Sheet
Option 2: liabilities side of the Balance Sheet
Option 3: Both 1 and 2
Option 4: None of the above