Question :
Which of the following will appear on the asset side of the Balance Sheet of a club?
Option 1:
Specific fund
Option 2:
Surplus earned during the year
Option 3:
Salary outstanding
Option 4: Subscription outstanding
Answer (1)
23rd Jan, 2024
Correct Answer: Subscription outstanding
Solution : Subscription outstanding is the income accrued but not received hence it is an asset and will come in the Balance Sheet. Hence, the correct option is 4.
Comments (0)
Related Questions
Trending Articles/News
