Subscription Received in Advance represents money received for services not yet rendered. Since the organisation owes these services to members, it is treated as a current liability and shown on the liabilities side of the Balance Sheet.
Subscription Received in Advance is a :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Liability
Asset
Income
Expenditure
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
Work through every CUET UG Financial Statements PYQ, year by year.